https://www.live-feeds.com/feed/oil-hits-over-1-week-low-on-hopes-of-boost-to-diplomacy-in-iran-warContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-hits-over-1-week-low-on-hopes-of-boost-to-diplomacy-in-iran-warhttps://www.live-feeds.com/feed/oil-hits-over-1-week-low-on-hopes-of-boost-to-diplomacy-in-iran-war#u80247Tue, 22 Sep 2026 15:21:14 +0000Oil prices fell to $98.9 on Tuesday, marking a two-week low as investors bet on potential diplomacy between the US and Iran. Despite escalating Houthi attacks on the Saudi capital and the seizure of southern Red Sea islands, crude flows remain surprisingly strong. Saudi Aramco has increased exports through the Strait of Hormuz following attacks on its East-West Pipeline. Market sentiment is currently driven by easing concerns over extended supply disruptions and a recovery in shipments from Saudi Arabia.Why it mattersThe Bab al-Mandeb strait and the Strait of Hormuz are critical chokepoints fo