11 minutes agoUS attacks on Iran, American oil prices drop by more than 5%
Periskopi(a month ago)
(a month ago)American oil prices suffered a sharp decline in Asian markets, despite new military escalation between the US and Iran.
US gross oil West Texas Intermediate (WTI), the main reference for the American market, dropped by more than 5% during the trade in Tokyo, even though the US reported new attacks on targets south of Iran.
At around 3:30 Greek times, the WTI price marked a 5.46% drop, dropping to $99.33 per barrel.
Meanwhile, crude oil Brant Crude Oil in the North Sea registered growth, climbing by $1.6% to 97.68 per barrel.
In the last 24 hours, oil prices had fallen below the $100 level, as investors fueled hopes that the Hormuz District could reopen after signals that Washington and Tehran were approaching an agreement.
However, the situation was again tense after Iranian negotiators arrived in Doha for talks aimed at ending the conflict, while the military announced that American forces had hit missile bases in southern Iran and ships suspected of deploying marine mines.
This development is seen as a serious threat to the fragile ceasefire that went into effect on April 8th, at a time when global markets are carefully monitoring every signal for desept or return to tensions in the Gulf region.
