Oil Drops 3% on Possible U.S.-Iran Truce

Oil prices fell about 3% Friday, Sept. 25, 2026, on hopes for a U.S.-Iran truce, Reuters reported. Iran asked the U.S. to revive the interim peace deal that collapsed over the summer, CNBC reported. Cheaper crude — that refiners turn into fuel — could lower household fuel costs, but traders remain cautious until shipping through Hormuz is secure.