Oil drops amid Iran US tensions
Oil prices continued their sharp decline, dropping more than two dollars per barrel, amid rising hopes of a settlement to the war between the United States and Iran, which has caused disruptions in global energy flows. Brent crude hit its lowest level since July 20, at around $86, while West Texas Intermediate fell to approximately $80.7, after an about 8% plunge on Monday following a sudden halt to American airstrikes on Iran. Attention is now focused on the possibility of reaching an agreement between Washington and Tehran, despite ongoing threats and reports of attacks on oil facilities, which increase the likelihood of disruptions to global oil supplies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)