Oil Moves Higher on Rekindled War Fears | EN590 Commodities
EN590 Commodities GroupEN590 / Diesel September 28, 2026
What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… Crude oil prices started the week with a jump after President Trump rejected a peace deal proposal tabled by Iran last week at the UN General Assembly. At the time of writing,Brent crudewas trading at $107.24 per barrel, withWest Texas Intermediateat $94.10 per barrel, the latter pressured by news that the U.S. federal government may institute a temporary ban on diesel, which would force refiners to cut run rates, boosting the availability of crude oil. Interestingly, a fresh report about improving oil flows out of the Persian Gulf failed to offset fears of continued war in the region. Normally, such news would pressure oil prices immed
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25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.