You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Oil Dips After Trump Continues To Debate "Annihilation" Of Iran Oil Dips After Trump Continues To Debate "Annihilation" Of Iran by Ship & Bunker News Team Tuesday September 22, 2026 Tweet Follow @shipandbunker Meanwhile, Iran warns Europe against aiding any further U.S. military strikes: File Image/Pixabay. The ephemeral hope that relations would improve between the U.S. and Iran this week at the United Nations – which caused a rise in crude of over 4 percent in the previous session - was dashed  Tuesday when U.S. president Donald Trump stated that a peace deal might come after the U.S. midterm elections in November. Trump also rekindled supply fears by adding that without a peace deal, he could “annihilate” the Islamic republic. For its part, Iran warned  European nations hosting U.S. military bases that facilitating attacks on the country would bring dangerous consequences.  “ The Iranian delegation to the UN had full authority to revive diplomacy with the U.S. Brent on Tuesday dipped 40 cents to $99.94 per barrel by 1507 GMT, and West Texas Intermediate declined 36 cents to $95.43 per barrel. All but overlooked by investors on Tuesday was increased transits through th e Strait of Hormuz , which helped diffuse the significance of comments made by an Iranian official that his country would reopen the waterway within seven days if Washington eased military pressure and lifted its blockades of Iranian ports. The official added that the Iranian delegation to the UN had full authority to revive diplomacy with the U.S., which some analysts thought was a sign that Trump’s hard line against the Islamic republic was wor