---
title: "Oil prices fluctuate amid Gulf export recovery and US-Iran diplomatic developments"
description: "Most outlets reported a 1% decline in oil prices on Thursday, citing recovering Gulf exports and increased US inventories as key factors easing supply concerns. Several also noted the ongoing focus on US-Iran diplomatic efforts. The Business Recorder stood out by reporting a slight price increase and emphasizing stalled peace talks and tightening US fuel markets, while other outlets described prices as stable or nearly flat in early Asian trade. Aaj News and 24 News HD both highlighted the 1% drop and the interplay between supply recovery and diplomatic developments."
url: https://harzaviya.com/stories/11048-oil-prices-climb-as-us-iran-stalemate-persists
site: HarZaviya
language: en
---

# Oil prices fluctuate amid Gulf export recovery and US-Iran diplomatic developments

business · updated 2 Oct 2026, 7:12 AM PKT · 28 Sep – 2 Oct 2026 · 32 articles from 10 outlets over 5 developments

**HarZaviya summary** — how 10 outlets covered this, generated automatically from their headlines and excerpts:

> Most outlets reported that oil prices increased following US President Donald Trump's rejection of a peace proposal from Iran, with a focus on the resulting market impact and the ongoing tensions related to the Strait of Hormuz. While the majority of excerpts emphasized a rise of more than 1%, a few, such as Profit and BOL News, noted a rise over 2%. Some outlets provided specific price figures, such as the rise of Brent crude to $105.64 or $106.96, while others briefly mentioned the price of US West Texas Intermediate crude. The framing of the event as a "stalemate," "impasse," or "deadlock" varied slightly across outlets but generally aligned in tone and emphasis.

## How it developed

Newest development first. Each carries its own coverage and, where we have one, our summary of it.

### 2 Oct 2026 — Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports (1 outlet)

- **Dunya News** — [Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports](https://dunyanews.tv/en/Business/975554-oil-prices-barely-changed-as-investors-assess-usiran-peace-talks-and-) · 2 Oct 2026, 7:12 AM PKT
  > Oil prices were nearly flat in Asia after September gains, as investors weighed stalled US-Iran talks, recovering Middle East exports, rising US crude stocks and steady OPEC+ output.

### 1 Oct 2026 — Oil prices fluctuate amid Gulf export recovery and US-Iran diplomatic developments (5 outlets)

> Most outlets reported a 1% decline in oil prices on Thursday, citing recovering Gulf exports and increased US inventories as key factors easing supply concerns. Several also noted the ongoing focus on US-Iran diplomatic efforts. The Business Recorder stood out by reporting a slight price increase and emphasizing stalled peace talks and tightening US fuel markets, while other outlets described prices as stable or nearly flat in early Asian trade. Aaj News and 24 News HD both highlighted the 1% drop and the interplay between supply recovery and diplomatic developments.

- Brent: $96.92 for 1 Oct 2026 — 3 of 5 outlets published this figure — two agreed, one differed

Figures as reported by Pakistani outlets. HarZaviya is not a price source.

- **24 News HD** — [Oil prices drop 1% as export fears subside](https://www.24newshd.tv/01-Oct-2026/oil-prices-drop-1-percent-export-fears-subside) · 1 Oct 2026, 12:08 PM PKT
  > Oil prices fell one percent on Thursday as as recovering crude exports from the Gulf and a surprise rise in US inventories eased supply concerns, while investors weighed renewed US-Iran diplomatic efforts to end their conflict.
- **Minute Mirror** — [Oil prices ease as Gulf supplies recover, US-Iran talks draw focus](https://minutemirror.com.pk/oil-prices-ease-as-gulf-supplies-recover-us-iran-talks-draw-focus-638011/) · 1 Oct 2026, 11:16 AM PKT · 83% identical wording to the newest filing
  > Global oil prices declined on Thursday as improving crude exports from the Gulf reduced concerns about supply
- **Aaj News (English)** — [Oil prices fall as Gulf exports recover, US stocks rise](https://english.aaj.tv/news/330474738/oil-prices-fall-as-gulf-exports-recover-us-stocks-rise) · 1 Oct 2026, 10:46 AM PKT · 88% identical wording to the newest filing
  > Oil prices fell 1% on Thursday as recovering crude exports from the Gulf and a ​surprise rise in US inventories eased supply concerns. At the same time, investors weighed renewed US-Iranian diplomatic efforts to end their conflict in the Middle East. Brent crude futures fell 1.1% to $96.92 a barrel, and US West Texas Intermediate crude dropped 1.4% to $89.18 a barrel. Both benchmarks rose about...
- **Business Recorder** — [Oil prices barely changed as investors assess US-Iran peace talks and Gulf exports](https://www.brecorder.com/news/40442119/oil-prices-barely-changed-as-investors-assess-us-iran-peace-talks-and-gulf-exports) · 1 Oct 2026, 8:00 AM PKT · 74% identical wording to the newest filing
  > TOKYO: Oil prices were nearly flat in early Asia trade on Thursday, following the previous day’s gains and steep monthly rises, as investors assessed the outcome ​of US-Iran peace talks and the outlook for Middle East crude exports. Brent crude ‌futures rose 12 cents or 0.1%, to $98.15 a barrel by 0045 GMT, while US West Texas Intermediate crude was at $90.35 a barrel, down 7 cents, or 0.1%. Bo...
- **The Express Tribune** — [Oil dips as recovering Gulf exports ease supply fears, US-Iran diplomacy in focus](https://tribune.com.pk/story/2632389/oil-dips-as-recovering-gulf-exports-ease-supply-fears-us-iran-diplomacy-in-focus) · 1 Oct 2026, 5:07 AM PKT · 84% identical wording to the newest filing
  > Brent crude futures fall 1.1% to $96.92 a barrel

### 30 Sep 2026 — Trump denies easing Iran sanctions, oil prices rise (5 outlets)

> Most outlets led with the rise in oil prices following U.S. President Trump's denial of easing sanctions on Iran. Several also noted the previous session's decline due to a recovery in crude supplies. One outlet highlighted the 2.5 percent drop in oil prices on Tuesday, contrasting with the upward movement on Wednesday. The Business Recorder provided additional context on investor focus and monthly trends, while others focused more narrowly on Trump's statement and its immediate market impact.

- WTI: $89.72 for 30 Sep 2026 — 2 of 5 outlets published this figure — both agreed
- Brent: $103.73 (+$1.14) for 30 Sep 2026 — 3 of 5 outlets published this figure — two agreed, one differed

Figures as reported by Pakistani outlets. HarZaviya is not a price source.

- **Minute Mirror** — [Oil prices rise as Trump rules out easing Iran sanctions](https://minutemirror.com.pk/oil-prices-rise-as-trump-rules-out-easing-iran-sanctions-637595/) · 30 Sep 2026, 11:50 AM PKT
  > Oil prices moved higher on Wednesday after US President Donald Trump rejected reports that Washington was
- **Aaj News (English)** — [Oil climbs after Trump denies he is willing to ease sanctions on Iran](https://english.aaj.tv/news/330474588/oil-climbs-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran) · 30 Sep 2026, 9:20 AM PKT · 82% identical wording to the newest filing
  > Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease ‌sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East. Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel. US West Texas Intermediate crude gained 34 cents, or 0.38%, ​to $89.72. Brent is headed for a...
- **Dunya News** — [Oil climbs after Trump denies he is willing to ease sanctions on Iran](https://dunyanews.tv/en/Business/975361-oil-climbs-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran) · 30 Sep 2026, 8:35 AM PKT · 81% identical wording to the newest filing
  > Oil prices rise as Trump rejects easing Iran sanctions, while Qatar seeks a diplomatic breakthrough and recovering Middle East crude supplies keep markets volatile.
- **Business Recorder** — [Oil climbs after Trump denies he is willing to ease sanctions on Iran](https://www.brecorder.com/news/40441938/oil-climbs-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran) · 30 Sep 2026, 8:17 AM PKT · 81% identical wording to the newest filing
  > PERTH: Oil prices rose on Wednesday after US President Donald Trump denied he would be willing to ease ‌sanctions on Iran while Qatar pushed for peace talks, after falling in the previous session on a recovery in crude supply from the Middle East. Brent crude futures rose $1.14, or 1.11%, to $103.73 a barrel by 0131 GMT. US West Texas Intermediate crude gained 34 cents, or 0.38%, ​to $89.72. Br...
- **The Express Tribune** — [Oil gains after Trump denies he is willing to ease sanctions on Iran](https://tribune.com.pk/story/2632211/oil-gains-after-trump-denies-he-is-willing-to-ease-sanctions-on-iran) · 30 Sep 2026, 5:34 AM PKT · 75% identical wording to the newest filing
  > Brent futures for November contract, which expires today, rise 71 cents, or 0.69%, to $103.30 a barrel

### 29 Sep 2026 — Oil prices rise for second session on continued Middle East supply concern (7 outlets)

> Most outlets reported that oil prices increased for a second consecutive session, emphasizing concerns over Middle East supply disruptions due to the US-Iran conflict. Several highlighted the specific price movements of Brent crude and West Texas Intermediate, with BOL News noting the prices surged above $106. The Business Recorder and Aaj News included additional context about Qatari mediation efforts and the potential reopening of the Strait of Hormuz, while Minute Mirror kept its coverage brief and focused only on the persistence of supply risks.

- Brent: $106.77 (+$1.49) for 29 Sep 2026 — 5 of 7 outlets published this figure — three agreed, two differed
- WTI: $93.94 (+$1.34) for 29 Sep 2026 — 3 of 7 outlets published this figure — two agreed, one differed

Figures as reported by Pakistani outlets. HarZaviya is not a price source.

- **BOL News** — [Oil prices surge above $106 as US-Iran tensions fuel supply concerns](https://www.bolnews.com/business/oil-prices-surge-above-106-as-us-iran-tensions-fuel-supply-concerns) · 29 Sep 2026, 6:07 PM PKT
  > Brent crude futures rose $1.49, or 1.4%, to $106.77 a barrel. U.S. West Texas Intermediate crude gained $1.34, or 1.5%, to $93.94 a barrel.
- **ARY News (English)** — [Oil falls as investors focus on Middle East supply](https://arynews.tv/oil-falls-as-investors-focus-on-middle-east-supply) · 29 Sep 2026, 5:46 PM PKT · 75% identical wording to the newest filing
  > Brent crude futures were down 54 cents, or 0.51%, at $104.74 a barrel at 1144 GMT. Meanwhile, US West Texas Intermediate...
- **Dunya News** — [Oil prices rise for second session on continued Middle East supply concern](https://dunyanews.tv/en/Business/975204-oil-prices-rise-for-second-session-on-continued-middle-east-supply-con) · 29 Sep 2026, 2:05 PM PKT · 77% identical wording to the newest filing
  > Oil prices climbed for a second day as US-Iran tensions raised concerns over Middle East supply disruptions, despite recovering crude exports and possible US diesel measures.
- **Minute Mirror** — [Oil prices rise for second session as Middle East supply risks persist](https://minutemirror.com.pk/oil-prices-rise-for-second-session-as-middle-east-supply-risks-persist-637158/) · 29 Sep 2026, 1:20 PM PKT · 63% identical wording to the newest filing
- **Aaj News (English)** — [Oil prices rise for second session on continued Middle East supply concern](https://english.aaj.tv/news/330474434/oil-prices-rise-for-second-session-on-continued-middle-east-supply-concern) · 29 Sep 2026, 8:48 AM PKT · 84% identical wording to the newest filing
  > Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply ​disruption brought about by US-Iran conflict outweighed signs of recovering crude exports ‌from the region. Brent crude futures had risen $1.49, or 1.4%, to $106.77 a barrel, while US West Texas Intermediate crude was at $93.94, up $1.34, or 1.5%. Both benchmarks closed the previous session ...
- **Business Recorder** — [Oil prices rise for second session on continued Middle East supply concern](https://www.brecorder.com/news/40441737/oil-prices-rise-for-second-session-on-continued-middle-east-supply-concern) · 29 Sep 2026, 7:58 AM PKT · 78% identical wording to the newest filing
  > Oil prices rose for a second successive session on Tuesday as lingering concern over Middle East supply disruption brought about by US-Iran conflict ​outweighed signs of recovering crude exports from the region. Brent crude futures had ‌risen 63 cents, or 0.6%, to $105.91 a barrel by 0002 GMT while US West Texas Intermediate crude was at $93.32, up 72 cents, or 0.8%. Qatar-linked LNG traffic th...
- **The Express Tribune** — [Oil prices rise for second session on continued Middle East supply concern](https://tribune.com.pk/story/2632026/oil-prices-rise-for-second-session-on-continued-middle-east-supply-concern) · 29 Sep 2026, 5:34 AM PKT · 77% identical wording to the newest filing
  > Brent crude futures rise $1.49, or 1.4%, to $106.77 a barrel

### 28 Sep 2026 — Oil prices rise as US-Iran peace talks remain deadlocked (8 outlets)

> Most outlets led with the increase in oil prices and the stalemate in US-Iran peace talks, often citing the rejection of a peace proposal by US President Donald Trump and its impact on the Strait of Hormuz. Some, like BOL News and Profit, emphasized the percentage rise in prices and specific price points, with BOL News using the term "surged" and Profit noting a "jump over 2%." Aaj News and 24 News HD included details about tensions in the Middle East being "elevated" or "persisting." The Express Tribune and ARY News provided precise price figures for Brent and WTI crude at specific times, while Business Recorder and Abb Takk News included brief regional context such as Singapore or Middle East supply concerns.

- WTI: $93.11 for 28 Sep 2026 — 4 of 8 outlets published this figure — all four agreed
- Brent: $105.64 (+$1.32) for 28 Sep 2026 — 7 of 8 outlets published this figure — five agreed, two differed

Figures as reported by Pakistani outlets. HarZaviya is not a price source.

- **Abb Takk News** — [Oil prices rise as US-Iran peace efforts hit impasse](https://abbtakk.tv/oil-prices-rise-as-us-iran-peace-efforts-hit-impasse/) · 28 Sep 2026, 4:04 PM PKT
  > WEB DESK: Oil prices climbed more than 1% on Monday after US President Donald Trump rejected an Iranian proposal aimed at ending the conflict and reopening the Strait of Hormuz, keeping concerns over Middle East supply disruptions elevated. Brent crude futures gained $1.32, or 1.27%, to $105.64 a barrel by...
- **Profit** — [Oil jumps over 2% as US-Iran peace talks remain deadlocked](https://profit.pakistantoday.com.pk/2026/09/28/oil-jumps-over-2percent-as-us-iran-peace-talks-remain-deadlocked) · 28 Sep 2026, 3:22 PM PKT · 84% identical wording to the newest filing
  > Brent climbs to $106.92 a barrel after Trump rejects Iran’s peace proposal, while recovering Strait of Hormuz flows ease some supply pressure
- **BOL News** — [Oil prices surge after Trump rejects Iran’s peace proposal](https://www.bolnews.com/business/oil-prices-surge-after-trump-rejects-irans-peace-proposal) · 28 Sep 2026, 10:31 AM PKT · 82% identical wording to the newest filing
  > Oil prices surged after Trump rejected Iran's peace proposal. US crude futures hit $94.10, while Brent climbed to $106.96, reflecting global market impact.
- **Aaj News (English)** — [Oil prices rise more than 1% as Trump rejects Iran peace proposal](https://english.aaj.tv/news/330474291/oil-prices-rise-more-than-1-as-trump-rejects-iran-peace-proposal) · 28 Sep 2026, 9:18 AM PKT · 92% identical wording to the newest filing
  > Oil prices rebounded more than 1% on ‌Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated. Brent crude futures rose $1.32, or 1.27%, to $105.64 a barrel by ​0036 GMT, while US West Texas Intermediate crude was at $93.11 a barrel, up 70 ​cents, or 0.76%. Iran announced a pea...
- **ARY News (English)** — [Oil heads higher as US-Iran peace talks in stalemate](https://arynews.tv/oil-heads-higher-as-us-iran-peace-talks-in-stalemate) · 28 Sep 2026, 9:14 AM PKT · 81% identical wording to the newest filing
  > Brent crude futures rose $1.32, or 1.27%, to $105.64 a barrel by ​0036 GMT while US West Texas Intermediate crude was at $93.11 a barrel...
- **24 News HD** — [Oil prices climb as US-Iran stalemate persists](https://www.24newshd.tv/28-Sep-2026/oil-prices-climb-us-iran-stalemate-persists) · 28 Sep 2026, 8:20 AM PKT · 89% identical wording to the newest filing
  > Oil prices rebound more than 1 per cent after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, Reuters reports.
- **Business Recorder** — [Oil heads higher as US-Iran peace talks in stalemate](https://www.brecorder.com/news/40441548/oil-heads-higher-as-us-iran-peace-talks-in-stalemate) · 28 Sep 2026, 8:00 AM PKT · 91% identical wording to the newest filing
  > SINGAPORE: Oil prices rebounded more than 1% on ‌Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz, keeping tensions in the Middle East elevated. Brent crude futures rose $1.32, or 1.27%, to $105.64 a barrel by ​0036 GMT while US West Texas Intermediate crude was at $93.11 a barrel, up 70 ​cents, or 0.76%. Iran annou...
- **The Express Tribune** — [Oil heads higher as US-Iran peace talks in stalemate](https://tribune.com.pk/story/2631835/oil-heads-higher-as-us-iran-peace-talks-in-stalemate) · 28 Sep 2026, 5:41 AM PKT · 80% identical wording to the newest filing
  > Brent rose $1.32, or 1.27%, to $105.64 a barrel by ​0536 PKT; US WTI was at $93.11 a barrel, up 70 ​cents, or 0.76%

## Part of a bigger story

Other stories whose coverage resembles this one, nearest first. "% related" compares whole stories, not single articles — see [what the percentages mean](https://harzaviya.com/methodology).

- [Oil prices rise after Trump threatens sanctions on Iran partners](https://harzaviya.com/stories/3531-oil-rises-as-us-iran-peace-talks-stall-hormuz-shipping-slows) · 22 Aug 2026 · 10 outlets · 6 developments · 96% related
- [Oil prices rise amid renewed US-Iran tensions](https://harzaviya.com/stories/5568-oil-jumps-more-than-2-after-us-attack-on-iran-s-larak-island) · 5 Sep 2026 · 15 outlets · 6 developments · 95% related
- [Oil prices fluctuate amid US-Iran truce hopes and Houthi attacks on Saudi Arabia](https://harzaviya.com/stories/9667-oil-hits-over-1-week-low-on-hopes-of-boost-to-diplomacy) · 26 Sep 2026 · 13 outlets · 6 developments · 94% related
- [Oil prices fall on increased shipments despite US-Iran tensions](https://harzaviya.com/stories/364-oil-prices-fall-after-us-and-iran-pause-strikes-in-arabian) · 31 Jul 2026 · 14 outlets · 6 developments · 93% related
- [Oil prices dip as US considers easing restrictions on 'shadow fleet'](https://harzaviya.com/stories/13720-oil-falls-on-hopes-russia-ukraine-energy-ceasefire-will) · 16 Oct 2026 · 11 outlets · 5 developments · 92% related

32 articles from 10 outlets, 28 Sep – 2 Oct 2026. Headlines and links belong to their outlets — HarZaviya links out and never copies article text.

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