Mucahithan Avcioglu
17 September 2026•Update: 17 September 2026
Oil prices fell more than 3% on Thursday as concerns over immediate supply disruptions in the Middle East eased.
International benchmark Brent crude declined 3.5% to around $102.10 per barrel as of 1215GMT.
US benchmark West Texas Intermediate (WTI) dropped 3.1% to $99.31 per barrel, falling below the $100 threshold.
The declines followed losses of 2.7% for Brent and 3.2% for WTI in the previous session.
Prices came under pressure as developments offering alternative export routes and the prospect of restoring disrupted infrastructure reduced fears of an acute supply shortage.
However, uncertainty surrounding Middle Eastern supplies continues to keep the oil market volatile.
The Strait of Hormuz remains a key source of risk, as the waterway is a critical route for global crude oil and liquefied natural gas shipments.
Meanwhile, the Russia-Ukraine conflict is adding pressure to refined product markets amid attacks on Russian refinery infrastructure.
