Oil prices ease as Saudi shipping picks up

Sep 30, 2026

Oil is getting cheaper again, which is good news for drivers and businesses that burn fuel, and a sign the Middle East fighting has cooled off for now.

  • US crude slipped back under $90 a barrel and Brent is near $103.
  • Saudi Arabia is moving more oil across the desert to the Red Sea and pushing more through the Strait of Hormuz.
  • Satellite images show more ships moving, and the Saudi pipeline hit by a Houthi drone is about halfway repaired.
  • Yemen's rebels and their Iranian backers appear to have paused the fighting, possibly to regroup.
  • In Hawaii, Kennedy Wilson paid $246 million to Kamehameha Schools for the land under Kona Village Resort, a year after a similar deal for Michael Dell's Hualalai property.

Outlook: Oil should stay softer while shipping keeps flowing, but a restart of the attacks would push prices right back up.

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