WTI ▼ -1.6% - W&T Offshore, Inc. $WTI crude fell back below $89/bbl, down 2.88% intraday. Brent crude was down more than 2% at $94.45/bbl. Sources say Saudi Arabia is preparing to resume crude exports from Yanbu port later on Tuesday. An Iranian official said Tehran’s delegation has been fully authorized to seek restoration of diplomatic contact with the United States in New York. W&T Offshore shares fell 1.6% as crude oil prices retreated sharply, with WTI dropping 2.88% below $89 per barrel and Brent sliding more than 2% to $94.45. The declines were driven by news that Saudi Arabia plans to resume crude exports from Yanbu port and reports that Iran's delegation is authorized to pursue diplomatic talks with the United States, both suggesting potential increases in oil supply or reduced geopolitical tensions that weigh on energy prices. 22-SEP-2026 06:05 AM ET