https://www.live-feeds.com/feed/oil-prices-fall-as-iran-says-it-is-open-to-diplomacy-to-end-the-warContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-fall-as-iran-says-it-is-open-to-diplomacy-to-end-the-warhttps://www.live-feeds.com/feed/oil-prices-fall-as-iran-says-it-is-open-to-diplomacy-to-end-the-war#u84168Fri, 25 Sep 2026 19:56:07 +0000Oil prices have declined after Iran expressed openness to diplomacy to end the war. Tehran proposed a 7-day plan to reopen the Strait of Hormuz provided the United States lifts its naval blockade, waives sanctions, and adheres to a ceasefire. While some reports indicate oil prices fell, Brent crude remains above $102 as negotiations stall over conditions for the waterway. The Iranian president stated a desire to reach a deal with the U.S. before the November midterm elections.Why it mattersThe Strait of Hormuz is a critical global oil transit point. Recent tensions between the U.S. and Iran ha