Oil falls below $100 on Hormuz reopening hopes and Saudi pipeline restarting
The National · 22 Sep 2026

Oil falls below $100 on Hormuz reopening hopes and Saudi pipeline restarting

Oil prices fell below $100 a barrel as hopes that Iran could reopen the Strait of Hormuz within days and the restart of Saudi Arabia’s East-West pipeline raised the prospect of more Middle East crude reaching global markets, easing fears of a prolonged supply squeeze. Brent, the benchmark for two th


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