# Oil Prices Drop Amid Iran Tensions

> Crude oil falls $101 as Iran conflict risks ease.
- Title: Oil Prices Drop Amid Iran Tensions · The Economic Times
- Summary: Crude oil falls $101 as Iran conflict risks ease. Oil prices dipped to $101.60 per barrel despite Iran war tensions due to increased Middle Eastern exports…
- Keywords: brent crude, wtxi crude, iran war, gulf oil infrastructure, group of seven, oil exports, saudi aramco, money, business, Oil, Prices, Drop
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/commodities/news/oil-price-today-october-5-crude-oil-dips-101-despite-simmering-iran-war-tensions-heres-why/articleshow/134683960.cms
- Author: Veer Sharma
- Published: 2026-10-05T02:10:00+00:00
- Read time: 1 min
- Topics: brent crude, wtxi crude, iran war, gulf oil infrastructure, group of seven, oil exports, saudi aramco, money, business
## Oil Prices Slip
Oil prices dropped $101.60 per barrel on Monday despite Iran war tensions.
## Brent Crude Falls
Brent crude futures dropped 70 cents to $101.60 a barrel, down 0.69%.
## US Crude Drops
US West Texas Intermediate crude fell 90 cents to $90.15 a barrel, down 1.07%.
## Middle East Exports Rise
Middle Eastern crude exports climbed above pre-war levels on four days in September.
## Houthis Attack Saudi Sites
Houthis claimed ballistic missile and drone attacks on Saudi Aramco sites in Riyadh and Khurais.
## Saudi Arabia's Response
Saudi-backed government plans military campaign to retake Yemeni territories from Houthis.
## Aramco Price Cut
Aramco cut November crude oil prices for Asia to six-year lows.
## Key takeaway

Oil prices dipped to $101.60 per barrel despite Iran war tensions due to increased Middle Eastern exports and Group of Seven oil stock releases.