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Line chart of daily WTI crude oil front-month futures closes from August 31 to September 28, 2026.

Oil barely moved on the day Washington rejected Iran's Hormuz plan, because physical supply has been recovering and Middle East exports are at their highest since the conflict began. Talks are expected to resume this week, with the United States offering sanctions relief in return for concrete nuclear steps. The tail risk is a failure of the Saudi bypass pipeline, shut earlier this month after an attack, and the recent re-rating of Canadian energy stocks depends on crude holding up.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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