Brent crude slides $16 in eight trading days as Trump revives Iran peace talks

Nairametrics Aug 3, 2026 · 06:53 WAT

Brent crude fell by more than $16 over eight trading sessions after renewed US-Iran peace talks reduced concerns about prolonged disruption to oil supplies through the Strait of Hormuz. The decline follows Brent’s rise to around $100 during the latest Middle East conflict.

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