Trump expects US-Iran talks to restart next week; China oil price seen cut 210 yuan/ton on Oct 15

The next round of oil price adjustments is scheduled for October 15 at 24:00.

Based on current data, the crude oil price change rate stands at approximately -4%, with an expected reduction of 210 yuan per ton. According to this decline, gasoline and diesel prices are projected to drop by 0.16 to 0.19 yuan per liter. The upcoming adjustment may mark a renewed downward trend.

Late-Night Market Fluctuation

On the night of September 27, crude oil prices experienced a sudden sharp drop in after-hours trading.

U.S.-Iran Negotiations Progress

In related news, new developments have emerged in U.S.-Iran negotiations.

U.S. President Donald Trump stated on September 27 that he expects the United States and Iran to resume negotiations within the coming week.

Trump made the remarks during a telephone interview with media outlets, adding that he has "been considering" whether to reinstate military strikes against Iran. He also noted that U.S. forces are assisting in transporting "large amounts of oil" out of the Strait of Hormuz.

Citing regional sources, the media reported that indirect talks between the U.S. and Iran could begin as early as September 28, with mediators such as Qatar facilitating the dialogue. However, significant differences remain on key issues. Iran seeks to focus negotiations on navigation through the Strait of Hormuz and the lifting of U.S. maritime blockades, while the Trump administration demands that Iran agree to concessions on its nuclear program.

On September 22, U.S. Special Envoy Steve Witkoff and Trump's son-in-law Jared Kushner held indirect talks with Iranian Foreign Minister Abbas Araghchi on the sidelines of the United Nations General Assembly in New York. According to U.S. media reports, Iran proposed that if the U.S. lifts its maritime blockade, removes sanctions on oil sales, and restores a regional ceasefire, Iran would reopen the Strait of Hormuz and restart nuclear negotiations within seven days. Trump confirmed to the media on September 26 that he had rejected this proposal.

Iran's Response

In an interview on September 27, Araghchi stated that despite Trump's public remarks, the U.S. has not formally communicated its rejection of Iran's proposal through mediators. He said Iran is prepared for a resumption of hostilities with the U.S., but also remains ready for diplomatic engagement.

"The U.S. midterm elections are not a factor in Iran's calculations," Araghchi said. "We only care about our national interests. We are willing to negotiate."