WTI crude oil futures experienced a significant drop, continuing a multi-day decline, as two main factors eased supply concerns. Reports indicated a strong recovery in Saudi Arabian oil exports, which were rerouted via the Strait of Hormuz following recent pipeline disruptions, boosting near-term supply expectations. Additionally, growing optimism for a diplomatic de-escalation between the United States and Iran ahead of the UN General Assembly is reducing the geopolitical risk premium that had supported higher prices.