وكالة صدى نيوز
Source: وكالة صدى نيوز
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The article focuses on the decline in oil prices during Tuesday, July 21, 2026, due to mediation efforts between the United States and Iran, exchanges of attacks between the two sides, and the Houthi rebels' threats to impose a naval blockade on Saudi Arabia. Oil futures declined significantly, with Brent crude dropping by 0.8% to $88.51 per barrel, and U.S. crude falling by 0.9% to $82.50. These movements come amid escalating tensions in the Middle East, which have led to rounds of U.S. strikes on Iran, while diplomatic efforts continue to de-escalate the situation and negotiate a 10-day ceasefire. Estimates suggest that Brent crude could exceed $120 per barrel if Gulf supply disruptions persist, with expectations that the average price may rise to $100 next year if the situation remains unchanged.
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