By Oil prices fell on hopes of US-Iran diplomacy, with Brent down about 3.2 percent to about 100.54 dollars a barrel and US crude down about 3.7 percent.
India imports most of its crude, so lower prices ease the import bill.
Iran has set seven conditions for talks with the US.
The conflict has kept Brent above 100 dollars in recent weeks.
The outlook depends on whether talks begin.
He also warned that Iran was prepared for further military confrontation and said US bases could face heavier strikes if Washington launched another attack.
Iran’s central military command said it had received information that the United States was preparing to resume military action, and warned that any US attack would trigger sustained strikes on American bases and interests in the region.
The article carrying those reports did not include a documented US response to Iran’s conditions.
Yemen’s Iran-backed Houthis claimed an attack on Riyadh, which was reported to be the first Houthi attack on the Saudi capital since hostilities began in July 2026.
The Saudi-led coalition said it intercepted and destroyed a ballistic missile aimed at Riyadh and thwarted attacks aimed at Bish, Taif, Farasan and Yanbu.
The Houthis claimed to have targeted Saudi Aramco facilities in the Red Sea port city of Yanbu, while the coalition reported no damage.
A strike on a jet fuel facility at King Khalid International Airport in Riyadh on September 19 was also reported.
US crude fell about 3.7 percent to about 92.56 dollars a barrel and Brent fell about 3.2 percent to about 100.54 dollars on hopes of US-Iran diplomacy, according to the report.
The claims of the parties in the conflict are their own statements and have not all been independently verified.
India imports most of its crude oil, and oil price moves linked to the conflict feed into India’s import bill and market sentiment.
Riyadh skyline (representative image), Wikimedia Commons, public domain
