17 Hrs
Source:
Sharjah24
Oil drops again after US-Iran talks
Oil prices have fallen for three consecutive days, reaching $70.91 per barrel amid declining concerns about supply after Qatar confirmed progress between Iran and the United States in indirect talks regarding the Strait of Hormuz, through which one-fifth of the world's supplies used to pass before the war. This has led to Brent and West Texas Intermediate crude prices dropping to their lowest levels since February, with UBS Bank expecting to lower its price forecasts for the third and fourth quarters of 2026.
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