19 Hrs
Source:
البلاد
Oil prices fall amid US-Iran talks
Oil prices declined today due to mediation efforts between the United States and Iran, amid rising tensions in the region and an escalation of attacks between the two sides. Brent crude dropped to $88.53 per barrel, while West Texas Intermediate fell to $82.47. Meanwhile, Houthi threats intensified, prompting the activation of ship protection measures in the Bab el-Mandeb Strait, along with warnings about security deterioration and concerns over the US oil reserves, which showed a decline last week. These developments coincided with diplomatic efforts to halt the escalation and reach a permanent agreement to end the war, amidst increasing military operations and a series of American strikes on Iranian targets.
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