Oil prices plunge more than 2% after Iran's president reiterates position at U.N.

  • Oil prices fell more than 2% intraday on September 25.
  • Brent and WTI futures both declined more than 2% during the session.
  • Iranian President Masoud Pezeshkian reiterated Iran's position during the United Nations General Assembly.

International oil prices plunged intraday on September 25, with Brent crude and West Texas Intermediate futures both falling more than 2% after Iranian President Masoud Pezeshkian reiterated Iran's position during the United Nations General Assembly. Earlier Gate data showed WTI at $91.94 a barrel, down 2%, and Brent at $98.90, down about 1.8%, creating a discrepancy with the later account of declines exceeding 2%.

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