21 Hrs
Source:
الاقتصادية
Oil drops as Straits traffic rises
Oil prices declined for the third consecutive day amid increased flows through the Strait of Hormuz and potential unofficial progress in negotiations between the United States and Iran. Brent crude was around $71 per barrel, while West Texas Intermediate (WTI) was approximately $68, amid signs of Iran's limited ability to halt oil shipments. Meanwhile, Saudi Arabia's oil exports in June rose to their highest level since the start of the war, despite regional tensions. Oil prices stabilized as markets await the outcome of discussions between Washington and Tehran.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)