Crude Oil is trading at $89.82, down 3.00% on September 29, 2026, amid reports of rebounding Middle East crude exports.
- Reuters reported September shipments from key regional producers rebounded to 16.328 million barrels per day, led by Saudi Arabia and the UAE.
- Expectations that renewed US-Iran diplomacy could reduce disruption and reopen the Strait of Hormuz are also weighing on prices.
- Reuters coverage also noted lingering supply concerns and rising prices earlier Tuesday.