After Pausing attacks between the United States and Iran, fuel prices drop

The price for a crude oil barrel on the Exchange “Brent” dropped to more than 9 percent to $88.59 after going to over $100 last week, television reports BBC.

The drop in prices came after the US ambassador to the United Nations said the attacks on Iran stopped for the second consecutive night “to give some space to talks”.

An Iranian military spokesman said on Sunday that Tehran had halted the <x0-action attacks” in the region in response to Washington's move.

Last week, the price for an oil barrel went to $100, for the first time from May, with new concerns because the Houthi group in Yemen attacked tankers at the Red Sea, risking a key export route used by Saudi Arabia to avoid Hormuz Strait.

Higher inflation increases the possibility that central banks increase interest rates in efforts to keep prices rising under control.