Oil
Iranian heavy crude price climbs to $105.84 in September
Iranian heavy crude prices rose significantly in September, according to figures released by OPEC.
Key points
- Iranian heavy crude reached $105.84 per barrel in September 2026.
- The nine-month average price climbed to $92.70 per barrel.
- Oil revenues for the first half of the year surpassed $16 billion.
Price increases
According to figures published by the Organization of the Petroleum Exporting Countries (OPEC) and reported by WANA, the cost of Iranian heavy crude climbed to $105.84 per barrel during September 2026. This figure represents an increase of $24.59 compared to the preceding month.
Over the initial nine months of the year, the average value of Iranian crude settled at $92.70 per barrel. WANA noted that this is higher than the $71.80 average recorded during the corresponding timeframe in the previous year, marking a year-on-year rise of $23.66 per barrel.
Revenue growth
Data made available at the close of September also showed that total earnings from petroleum sales surpassed $16 billion during the first half of 2026. This total includes receipts gathered through September.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
