Oil Drops as Iran Diplomacy Prospects Pick Up

Watch on YouTube ↗  |  September 18, 2026 at 06:01  |  2:10  |  Bloomberg Markets
Speakers
Stuart Livingstone-Wallace — Bloomberg Executive Editor for Middle East, North Africa, and Russia

Summary

The segment discusses the latest diplomatic push involving President Trump, six states, and Persian Gulf nations as oil dropped for a third day amid easing supply concerns. Guest Stuart Livingstone-Wallace cautions that Trump may be in listening mode and is constrained by midterms and domestic fuel prices. He notes oil is still flowing through the Strait of Hormuz but not easily, while Bab el-Mandeb is increasingly risky with no clear resolution timeline.

  • Oil fell for a third straight day as Iran diplomacy prospects improved.
  • Trump is set to meet Persian Gulf nations next week in New York.
  • Guest says Trump may be in listening mode and faces midterm constraints.
  • Oil flows are still moving through Hormuz but not at prewar levels.
  • UAE and Saudi Arabia are tendering oil pickups outside Hormuz.
  • Bab el-Mandeb is increasingly dicey with unclear Houthi influence.
  • Resolution on Bab el-Mandeb may take a long time.
Ideas
Stuart Livingstone-Wallace Bloomberg Executive Editor for Middle East, North Africa, and Russia 1:23
Oil faces unresolved Bab el-Mandeb supply risk
Oil flows are still getting out of Hormuz, but it is not easy and volumes are likely below prewar levels. The Bab el-Mandeb route is looking increasingly dicey, and it is unclear who can influence the Houthis, what they want, or how long the disruption might last. This creates a bigger unknown risk for energy flows that could persist for a long time, warranting monitoring even though no clear directional trade is stated.
WTI MED
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This Bloomberg Markets video, published September 18, 2026, features Stuart Livingstone-Wallace discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Stuart Livingstone-Wallace  · Tickers: WTI