Brent Settles Friday Down 2 Percent at $104 as WTI Ends the Week About 8 Percent Lower

According to Mehr News Agency citing Reuters, Brent crude futures settled on Friday, 25 September 2026 (3 Mehr 1405) down $2.28, or 2.1 percent, at $104.32 a barrel, while US West Texas Intermediate fell $2.20, or 2.3 percent, to $92.41. Brent ended the week with a gain of less than 1 percent, while WTI posted a weekly loss of about 8 percent. Sahmino's own price data also records Brent at $104.32.

Reuters said the main drivers were hopes for a ceasefire between the United States and Iran and speculation about a possible US ban on diesel exports, which has widened the gap between the US benchmark and Brent. Concern over Houthi (Ansarallah) attacks on Saudi Arabia persisted. Initial Kpler tracking estimates put crude flows through the Strait of Hormuz at about 33.7 million barrels a day in the week to 20 September, roughly level with the week before.