16 Hrs
Source:
وكالة الأنباء القطرية
Oil drops amid US-Iran talks expectations
Oil prices continue to decline as investors await the results of talks between the United States and Iran, hoping for the resumption of shipping through the Strait of Hormuz. Brent contracts fell by 92 cents (about 1.2%) to $78.44 per barrel, decreasing by more than 12% since the start of the week. Meanwhile, U.S. West Texas Intermediate contracts dropped by $1.07 (1.4%) to $74.70, with a total loss of 11% since the beginning of the week. This decline is attributed to political tensions and the anticipation of developments in the region.
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