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عين ليبيا
Gold drops to $4,322 per ounce What about oil
Oil prices experienced a significant decline on Wednesday, amid expectations of increased regional supplies following Saudi Arabia’s restart of the East-West pipeline. This led to a drop in West Texas Intermediate futures to $89.30 per barrel and Brent crude to $98.41, with the latter falling below $100 for the first time since September 2026. This comes alongside signs of improved oil flows from the Gulf and reflects diplomatic efforts to ease tensions between the United States and Iran, as Saudi Arabia resumed pipeline operations after a shutdown since September 2026 due to attacks. Reports also indicate that Iran may reopen the Strait of Hormuz within a week if Washington lifts sanctions.
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