Oil Prices Waver as US-Iran Truce Talks Continue

Oil prices fluctuated in late September 2026 as the United States and Iran explored a path out of war. Hopes for a US-Iran truce outweighed concerns over Houthi attacks on Saudi Arabia, causing prices to slide about 2 percent at times. Diplomacy between Washington and Tehran remained the central focus for energy markets. The uncertainty also pushed Southeast Asia to accelerate its renewable energy plans.