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Oil Prices React as Trump Signals Iran Deal Delay

Oil prices responded to comments from US President Donald Trump indicating an Iran peace deal may wait until after the elections. Meanwhile, Saudi Arabia resumed pipeline operations and Strait of Hormuz flows increased.

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FILE PHOTO: A drone view shows vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 28, 2026.

Brent Crude Oil fell 40 cents, or 0.4%, to $99.94 a barrel during Tuesday morning trade following remarks by United States President Donald Trump. Trump told the United Nations General Assembly that a peace deal with Iran could follow midterm polls.
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