Oil is trading lower after Iran reportedly offered to reopen the Strait of Hormuz within seven days if the U.S. would ease military pressure and lift its blockade of Iranian ports. Also, reports suggest that Saudi Arabia restarted East-West Pipeline operations and could resume exports from the Red Sea port of Yanbu.

Oil is trading higher amid possible investor disappointment over a lack of progress in U.S.-Iran peace negotiations at the ongoing UN meetings. Speeches and comments by representatives of the two countries have been more bellicose in tone and lack mention of ceasefire conditions or potential next steps.

Bank of America Says It May Take $150 Oil to Break the Economy

Bank of America raised its second-half Brent forecast to $95 a barrel. The bigger warning is in the tail: if disruptions last into spring 2027, oil may need to top $150 before demand breaks.

Oil is trading lower, possibly as a small number of vessels continue transiting the Strait of Hormuz amid ongoing regional tensions. President Trump's reported willingness to meet with Iranian President Pezeshkian during the UN General Assembly session and his decision to call off strikes against the Houthis may raise optimism about conflict resolution that would end supply-chain constraints.

White House Official Says Report That U.S. Is Considering Diesel Export Ban Is 'Fake News'

- Reuters

'White House preparing plan for 90-day diesel exports ban' - Politico

https://www.politico.com/news/2026/09/23/white-house-ban-diesel-01089294

IONQ’s Breakthrough Ignites Quantum Computing Stocks

Quantum Computing Breakthrough Please click here for an enlarged chart of IONQ Inc (NYSE:IONQ). Note the following: This article is about the big picture, not an individual stock. The chart of IONQ is