Oil Prices Drop by 7 Percent as Market’s Iran Fear Factor Fades

شفق نيوز

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Shafaq News/ Reuters reported on Monday evening that Brent crude futures recorded their largest decline since August 2022 at the close. The intense selling wave dispelled the initial rally in oil prices that had occurred on Sunday night, which resulted from fears that Iran might retaliate by targeting energy infrastructure in the Middle East. Oil prices began to decline on Monday after Iranian missiles fired towards the US Al Udeid base in Qatar…

RTV Slovenija

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With estimates that the price of oil could exceed $100 if the Strait of Hormuz were to be closed, financial markets awaited Monday with great uncertainty, but the outcome was surprising. By evening, oil prices were down – by seven percent!

charter97.org

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Brent fell at a minimum of 7.7% today.