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Oil prices drop amid optimism after U.S.-Iran talks signal possible easing of Middle East tensions

Market News
22 Sep 2026
CNBC
View Source
Neutral
Oil prices drop amid optimism after U.S.-Iran talks signal possible easing of Middle East tensions

Oil prices fell as U.S. officials held a three-hour meeting with Iran's delegation, raising hopes for a diplomatic resolution to Middle East conflicts. Brent crude dropped 0.75% to $98.51 per barrel, while U.S. West Texas Intermediate fell 1.03% to $89.59. President Trump indicated a major decision on dealing with Iran is imminent, with Pakistan also mediating to reduce escalation risks. This diplomatic progress has eased fears of supply disruptions, causing oil prices to retreat from recent highs above $100 per barrel.

Oil prices and related market activity are shown here as of Sep 23, 2026 07:51 WIB. For readers following energy-sector stocks on Pluang, 13 of 37 priced US stocks rose while 23 fell. Notable movers include FANG (Diamondback Energy Inc) at USD 184.58 with a -2.48% change and 81% buy order activity, NE (Noble Corporation plc) at USD 45.20 up 2.27%, and COP (ConocoPhillips) at USD 124.65 down 2.26% with 98% buy order activity.

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