{"data":{"id":"a2dd4581-cd80-4687-a3bb-d73ad96c9ea4","type":"article","translation_group_id":"a2dd4581-cb53-49f5-a8ae-181b0a254a76","language":"en","content_type":"news","title":"Oil extends gains as Hormuz talks stall; Saudi bypass pipe partially restored","dek":"Brent traded above $107 as Iran uncertainty outweighed a partial restart of Saudi Arabia\u2019s East\u2013West pipeline; Iranian officials privately pessimistic on a deal before November US midterms.","slug":"brent-oil-saudi-pipe-hormuz-29-sep-2026","published_at":"2026-09-29T20:06:42+00:00","updated_at":"2026-09-30T08:34:50+00:00","primary_category":{"id":"4","type":"category","key":"energy","name":"Energy","slug":"energy","summary":"Oil, gas, utilities, fertilizers, and energy-transition coverage tied to regional producers.","seo_title":"Energy News | Capital Wire","meta_description":"Oil, gas, utilities, fertilizers, and energy-transition coverage tied to regional producers and listed energy companies in the GCC."},"featured_media":{"id":"a2dd453f-2a01-430a-9b49-fb2277302ddc","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/dec1f4dad4733fff69876e909aab5a703f34cda4f69580bc61b0b23f0ac0c177.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/dec1f4dad4733fff69876e909aab5a703f34cda4f69580bc61b0b23f0ac0c177-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/dec1f4dad4733fff69876e909aab5a703f34cda4f69580bc61b0b23f0ac0c177.webp 1200w","width":1200,"height":630,"alt":"Capital Wire cover: Oil extends gains as Hormuz talks stall \u2014 29 Sep 2026","caption":"Oil Hormuz Saudi pipe cover \u2014 29 Sep 2026","credit":"Capital Wire","license":"generated","ai_generated":true},"entities":[{"id":"a2de49f6-3b65-4620-9e43-6accca017841","type":"entity","entity_type":"instrument","collection":"instruments","name":"Brent crude","slug":"brent","ticker":null,"is_primary":true},{"id":"a2de49f4-7481-4e6c-86f3-ad83fecfdf12","type":"entity","entity_type":"country","collection":"countries","name":"United Arab Emirates","slug":"uae","ticker":null,"is_primary":false}],"flags":{"breaking":false,"featured":true,"correction":false},"subtitle":null,"executive_summary":"Oil rose for a second session on Tuesday, 29 September 2026, as stalled US\u2013Iran talks and signs of firm demand outweighed a partial restart of flows through Saudi Arabia\u2019s East\u2013West pipeline that bypasses the Strait of Hormuz. Brent traded above $107 a barrel and West Texas Intermediate was around $94, intraday levels reported by Bloomberg via Energy Connects, not a final settlement. Saudi Arabia has restored about half the East\u2013West flows, with shipments to the Red Sea reaching at least 3.5 million barrels a day.","key_points":["Brent traded above $107 a barrel on Tuesday, 29 September 2026, extending gains for a second session, according to a Bloomberg report carried by Energy Connects.","West Texas Intermediate was around $94 a barrel on 29 September 2026, an intraday level and not a final settlement, Bloomberg reported via Energy Connects.","Iranian officials privately expressed pessimism about a deal to reopen the Strait of Hormuz before US midterm elections in November, after President Donald Trump rejected a proposal to resume full traffic in seven days.","Saudi Arabia restored about half the flows through the East\u2013West pipeline after drone strikes earlier in September, with flows to the Red Sea reaching at least 3.5 million barrels a day, people familiar with the matter told Bloomberg."],"body":[{"type":"paragraph","text":"Oil rose for a second session on Tuesday as a lack of progress in US\u2013Iran talks and signs of firm demand outweighed a partial resumption of flows through Saudi Arabia\u2019s cross-country East\u2013West pipeline, a key route that bypasses the Strait of Hormuz."},{"type":"paragraph","text":"Brent traded above $107 a barrel after ticking higher in the previous session, while West Texas Intermediate was around $94, according to a Bloomberg report carried by Energy Connects. Those were intraday levels, not a final settlement."},{"type":"paragraph","text":"Iranian officials have privately expressed pessimism about reaching a deal to end hostilities with Washington and reopen Hormuz before US midterm elections in November, following President Donald Trump\u2019s rejection of a proposal to resume full traffic through the waterway in seven days. Contacts around Iranian Foreign Minister Abbas Araghchi and Qatari mediation channels continue, but the overhang from the rejected reopen offer remains."},{"type":"paragraph","text":"Meanwhile, Saudi Arabia has restored about half the flows through the East\u2013West link after drone strikes halted operations earlier this month. Flows to the Red Sea have reached at least 3.5 million barrels a day, people familiar with the matter told Bloomberg."},{"type":"paragraph","text":"For Gulf economies, the tape mixes a firmer crude print with still-unresolved Hormuz risk and a slowly healing bypass route \u2014 the same tension Capital Wire flagged in Monday\u2019s oil package when prices rose but pulled back from session highs on mediation hopes. Tuesday\u2019s move is a new session: second-day gains, Brent above $107, and confirmed partial pipe restoration."}],"seo":{"seo_title":"Oil gains as Hormuz talks stall; Saudi pipe restored | Capital Wire","meta_description":"Brent above $107 (Bloomberg, 29 Sep): Iran uncertainty outweighs Saudi East\u2013West pipe return to \u22653.5 mb\/d. Hormuz overhang intact.","og_title":"Oil gains as Hormuz talks stall; Saudi pipe restored | Capital Wire","og_description":"Brent above $107 (Bloomberg, 29 Sep): Iran uncertainty outweighs Saudi East\u2013West pipe return to \u22653.5 mb\/d. Hormuz overhang intact.","social_image":{"id":"a2dd453f-2a01-430a-9b49-fb2277302ddc","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/dec1f4dad4733fff69876e909aab5a703f34cda4f69580bc61b0b23f0ac0c177.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/dec1f4dad4733fff69876e909aab5a703f34cda4f69580bc61b0b23f0ac0c177-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/dec1f4dad4733fff69876e909aab5a703f34cda4f69580bc61b0b23f0ac0c177.webp 1200w","width":1200,"height":630,"alt":"Capital Wire cover: Oil extends gains as Hormuz talks stall \u2014 29 Sep 2026","caption":"Oil Hormuz Saudi pipe cover \u2014 29 Sep 2026","credit":"Capital Wire","license":"generated","ai_generated":true}},"secondary_category":null,"topics":[{"id":"6","type":"topic","key":"oil-prices","name":"Oil Prices","slug":"oil-prices","summary":"Brent and regional crude benchmarks, supply risks, and oil-price moves relevant to GCC markets.","seo_title":"Oil Prices News | Capital Wire","meta_description":"Brent and regional crude benchmarks, supply risks, OPEC+ context, and oil-price moves relevant to GCC producers and markets."},{"id":"8","type":"topic","key":"gcc-markets","name":"GCC Markets","slug":"gcc-markets","summary":"Cross-GCC equity wraps, regional index moves, and multi-market trading developments.","seo_title":"GCC Markets | Capital Wire","meta_description":"Cross-GCC equity market wraps, regional index moves, and multi-market trading developments across Gulf stock exchanges daily."}],"tags":[],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a2dd4581-cf08-4a93-847e-243133a2394d","url":"https:\/\/www.energyconnects.com\/news\/oil\/2026\/september\/oil-extends-gain-as-iran-uncertainty-outweighs-saudi-pipe-return\/","publisher":"www.energyconnects.com","title":"Bloomberg via Energy Connects","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/www.energyconnects.com\/news\/oil\/2026\/september\/oil-extends-gain-as-iran-uncertainty-outweighs-saudi-pipe-return\/","source_id":null,"label":"Bloomberg via Energy Connects","publisher":"www.energyconnects.com"}],"corrections":[],"translations":[{"language":"ar","slug":"brent-oil-saudi-pipe-hormuz-29-sep-2026","published_at":"2026-09-29T20:06:42+00:00","is_current":false},{"language":"en","slug":"brent-oil-saudi-pipe-hormuz-29-sep-2026","published_at":"2026-09-29T20:06:42+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"c7ecab9c-0afa-42a0-8063-ce3b1028e73c","locale":"en"},"errors":[]}