Crude Oil Prices Rise as Middle East Supply Concerns Persist | September 29, 2026

Crude oil prices rose for a second successive session on Tuesday (September 29, 2026) as concerns over possible supply disruptions from the Middle East outweighed signs of recovering crude exports from the region, as per news reports. 

Brent crude futures rose 63 cents, or 0.6%, to $105.91 a barrel by 0002 GMT. US West Texas Intermediate crude was at $93.32 a barrel, up 72 cents, or 0.8%. 

Middle East Supply Risks Keep Oil Prices Elevated 

Crude exports from major Middle Eastern producers increased to 12.8 million barrels a day in September 2026, the highest level since February 2026, according to preliminary figures from data provider Kpler. Higher shipments from Saudi Arabia and the United Arab Emirates contributed to the increase. 

However, some of the additional Gulf exports are being handled through ship-to-ship transfers, which are less efficient and more expensive than normal shipping arrangements. This has kept concerns over the reliability of regional supply routes in focus. 

US-Iran Talks Add to Market Uncertainty 

US and Iranian officials have separately held discussions with mediators as efforts continue to end the seven-month conflict. Further talks are expected to centre on an amended version of a seven-day proposal presented by Iran last week during the United Nations General Assembly. 

Any progress towards an agreement could ease concerns over regional supply disruptions. At the same time, continued uncertainty around the conflict is keeping a risk premium in crude markets. 

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Oil Prices Remain Sensitive to Supply Developments 

The combination of higher exports and ongoing geopolitical risks has created competing signals for the oil market. Rising shipments suggest some improvement in regional supply flows, while the reliance on alternative transport arrangements highlights continued disruption to normal operations. 

Brent crude has also remained below the $110-a-barrel level as markets assess the prospects for further diplomatic progress and the effect of the conflict on future exports. 

Conclusion 

Oil prices remain closely linked to developments in the Middle East, with supply disruptions supporting prices while higher exports and renewed diplomatic efforts could ease some pressure. Traders are likely to continue monitoring crude flows and US-Iran talks for clearer direction. 

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