# Oil falls as Trump signals Iran deal after midterms

> President Trump says the U.S. held three-hour talks with Iran and expects a deal after the midterm elections, sending crude prices down for a fifth consecutive day.
- Title: Oil falls as Trump signals Iran deal after midterms · CNBC
- Summary: President Trump says the U.S. held three-hour talks with Iran and expects a deal after the midterm elections, sending crude prices down for a fifth…
- Keywords: oil prices, crude futures, iran, donald trump, u.s. midterm elections, strait of hormuz, saudi arabia, east-west pipeline, business, finance, Oil, falls
- Source: CNBC — https://cnbc.com/2026/09/22/oil-iran-us-bessent-un-crude.html
- Author: Spencer Kimball,Justina Lee
- Published: 2026-09-22T04:22:20+00:00
- Read time: 1 min
- Topics: oil prices, crude futures, iran, donald trump, u.s. midterm elections, strait of hormuz, saudi arabia, east-west pipeline, business, finance
## Trump signals Iran deal after midterms
President Donald Trump told the U.N. that the U.S. held three-hour talks with Iran and expects a deal after the midterm elections. He said Iran is waiting to see how he performs in the election.

> I believe we'll make a deal right after the election because it doesn't make sense for them not to.
## Crude prices fall for fifth consecutive day
Brent crude futures fell one percent to close at ninety nine dollars and twenty five cents a barrel. West Texas Intermediate shed one point two percent to settle at ninety four dollars and fifty nine cents.
## Trump describes Iran meeting as very good
Trump told reporters during a bilateral meeting with Ukrainian President Volodymyr Zelenskyy at the U.N. that the U.S. met with Iran's delegation for three hours on the sidelines of the U.N. General Assembly in New York City.

> It was a very good meeting.
## Trump says U.S. escorts over a billion barrels through Hormuz
Trump said the U.S. military has recently escorted more than a billion barrels of oil through the Strait of Hormuz. More oil is flowing through the strait under U.S. military protection than at any previous point of the war.
## Saudi Arabia restarts critical East-West pipeline
Saudi Arabia is in the early stages of restarting its critical East-West pipeline after it sustained damage in a drone attack from Iraq on September tenth. Riyadh aims to restore meaningful flows by Saturday.
## Saudi ports see busiest loading day since war began
Ras Tanura, a port on Saudi Arabia's east coast, had its busiest loading day since before the war started on February twenty eighth. Six supertankers loaded nearly twelve million barrels at Ras Tanura and Juaymah on Monday.
## Key takeaway

Oil prices fell for a fifth day after Trump said the U.S. held three-hour talks with Iran and expects a deal after the midterm elections.