Macro Finance
Oil Drops as Traders Track Hormuz Diplomacy Prospects
Bloomberg Markets·September 22, 2026·1 min read
Brent crude fell toward $99 a barrel after tumbling over the previous four sessions, erasing earlier gains on a report that Iran could reopen the Strait of Hormuz if the US lifted a blockade of its ports. President Trump is set to address the UN General Assembly and may meet with Iranian President Masoud Pezeshkian.
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