Australian energy stocks hit 4-week low as oil prices dip below $100

• Australian energy stocks .AXEJ fall as much as 1% in early trade, while broader benchmark .AXJO trades flat.
• The sub-index hits its lowest level since August 26.
• Shares of Woodside Energy WDS.AX and Santos STO.AX fall as much as 1.7% and 1.8%, respectively.
• Year to date, .AXEJ is up 27.9%, outperforming .AXJO's 0.4% rise.

Oil prices fell as top exporter Saudi Arabia began restoring crude supply on a critical pipeline to the Red Sea, alongside hopes of a diplomatic resolution between Iran and the U.S.