You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Oil Falls On Climbing Middle East Exports, Declining Iranian Bargaining Power Oil Falls On Climbing Middle East Exports, Declining Iranian Bargaining Power by Ship & Bunker News Team Tuesday September 29, 2026 Tweet Follow @shipandbunker Meanwhile, Trump says he has offered nothing to Iran to stop the war: File Image/Pixabay Persistent indications that crude exports were recovering in the Middle East were finally embraced by oil traders on Tuesday, with the result being a 2 percent drop  in prices mid-session – although supply concerns were said to still linger in many quarters. As of 1703 GMT, Brent was down $1.38 , or 1.3 percent , to $103.88 per barrel, and West Texas Intermediate declined $2.04 or 2.1 percent , at $90.58 ; both benchmarks were still on track for monthly gains of 15 percent and 5.7 percent respectively. Although the elements spurring the declines had been reported over the past week, Dennis Kissler , ⁠senior vice president of trading at BOK Financial , said crude was "under pressure this morning on news that the Saudi's East/West pipeline flows have moved up. ... U.S./Iran negotiations are also continuing and while seemingly far apart, both are looking for an off-ramp, and as more oil flows through the Middle East, the less bargaining power Iran will have." “ U.S./Iran negotiations are also continuing....both are looking for an off-ramp Dennis Kissler, ⁠senior vice president of trading, BOK Financial Data from Kpler also showed that crude exports from Middle East producers have rebounded in September to 16.3 million barrels per day (bpd), the highest since the U.S.-Israeli war on Iran began seven months