Brent: Diplomatic hopes support pullback – Deutsche Bank

FXStreetSep 22, 2026 6:48 AM

View all comments（0）



Deutsche Bank strategists note that Brent briefly fell below $100/bbl as hopes for a diplomatic solution in the Middle East weighed on oil prices. They link the pullback to positive headlines around potential US-Iran talks, while renewed sanctions risks on Iran helped limit the decline and supported a rebound toward $101/bbl.

Crude retreats on diplomacy hopes

"Markets have put in a strong performance over the last 24 hours, with Brent crude oil (-3.40%) briefly falling beneath $100/bbl again as hopes grew for a diplomatic solution in the Middle East."

"Brent is a little above $101/bbl this morning but net net the week has started more optimistically."

"Although oil is back up a little overnight, Brent fell back beneath $100/bbl yesterday for the first time in nine trading sessions before closing at $100.34/bbl."

"In part, that followed more positive headlines over the weekend, including comments from President Trump to Fox News that he would be open to meeting Iran’s President at the UN this week. So that raised hopes about some kind of deal between the two sides, and it helped drive a big reduction in energy prices across the board."

"Even though there are hopes of diplomatic progress, the rise back in oil overnight seems to be in part due to Bessent suggesting that all Iranian airlines will be shut down from tomorrow with anyone providing fuel, landing services etc., shut out of the dollar system."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Meta Stock Forecast: Muse Ignites AI Rally, Stock Surges Over 11% in a Day, Poised to Challenge $1,000

TradingKey - As of the close on September 21, Eastern Time, Meta (META) shares surged 11.34% in a single day to close at $741.25, marking its largest single-day gain in over a year and boosting the company's market capitalization by approximately $190 billion in a single day.

Today’s Market Recap: AI Chip Stocks Surge as AMD Market Cap Crosses $1 Trillion; Intel Rises 12%, Arm Jumps 17%, Meta Gains Over 11%

TradingKey - On September 21, Eastern Time, the three major US stock indexes rose across the board, with the Nasdaq setting a new record closing high. International oil prices fell for the fourth consecutive trading day as Brent crude approached $100 again, and the 10-year US Treasury yield dropped

Muse Tops US App Store Two Weeks After Launch: Downloads Exceed 730,000, Overtaking ChatGPT

Less than two weeks after its launch, Meta's (META) personal AI agent app, Muse, has topped the US app store charts. As of Monday, the app ranked first on Apple's iOS free smartphone app chart, surpassing OpenAI's ChatGPT, Polymarket, and Kashi, while leading rival products such as Anthropic's Claude and SpaceXAI's Grok, as well as Meta's own Meta AI.

Meta Shares Surge Over 8% to Highest Since February as Connect 2026 Nears, Muse Agent May Become New AI Variable

Meta Platforms (META) will hold its annual product event, Meta Connect 2026, from September 23 to 24 local time. As the company expands the focus of Connect from VR to AI, AR, smart glasses, and the metaverse, the market expects this year's conference to highlight hardware iterations and advancements in its AI strategy.

The Week Ahead: US-China Summit in Washington, Costco Earnings and Fed Rate Path in Focus

TradingKey - During the week of September 21 to 25, Eastern Time, the US stock market will focus on the meeting between Chinese and US leaders, the Federal Reserve's policy outlook, and economic data such as US new home sales and durable goods orders.

Featured Tools