Brent Crude Oil prices decline as US-Iran tensions ease; September futures at $92.02.

In the past 24 hours, Brent Crude Oil prices have decreased following a two-day pause in military tensions between the United States and Iran in the Persian Gulf. The September futures contract fell 4.9% to $92.02, adding to a 3.9% decline on Friday. This decline follows a surge earlier this month, where prices briefly hit $102 per barrel due to increased Middle East conflict and concerns over disruptions in the global crude supply, particularly near the vital Strait of Hormuz.

AI-generated from public news sources. Not financial advice.