Canada Commodities: Oil And Gold Prices Fall on Middle East Diplomacy Hopes

09:53 AM EDT, 09/21/2026 (MT Newswires) -- Oil prices fell Monday morning on hopes that a diplomatic solution in the Middle East could be achieved, after US President Donald Trump told Fox News that he would "probably" be open to speaking with Iranian President Iranian Masoud Pezeshkian. Pezeshkian will lead an Iranian delegation at the United Nations General Assembly in New York this week. The the UK Maritime Trade Operations reported Monday an oil tanker transiting through the Strait of Hormuz was struck by an "unknown" projectile. West Texas Intermediate October crude oil futures, the US benchmark, fell 3.4% to $96.82 per barrel. November Brent oil futures, the international benchmark, slipped 2.9% to $100.85 a barrel. Comex gold December futures edged down 0.8% to $4,391.20 per ounces. In agricultural commodities, December wheat futures rose 1.4% to $7.24 per bushel, while canola futures for November inched up 1.3% to CA$833.20 per tonne.