Markets
Crude Falls After Iran Floats a Seven-Day Timetable for Reopening the Strait of Hormuz
Brent slipped to $98.98 and WTI to $93.02 after Iran's foreign minister described conditions under which the strait would reopen. Washington played down the meeting.
ME
By Marcus Elrod
Sep 25, 2026 · 7 min read
Crude prices fell in overnight trading after Iran's foreign minister, Abbas Araghchi, sketched out a timetable under which the Strait of Hormuz would reopen. Brent was quoted at $98.98 a barrel, down $1.24, and West Texas Intermediate at $93.02, down $1.59, in pre-market dealing on Friday morning.
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Marcus Elrod
Marcus tracks positioning, flows and rates. He writes CI's weekly market internals column.
Marcus Elrod writes for Corporate Insider Inc.