25/08/2026
Brent Crude Oil Falls Over 4% to $88 as U.S.βIran Tensions Show Signs of Easing
Brent crude oil prices dropped more than 4% on Monday to around $88 per barrel, extending the previous sessionβs 2.4% decline. The sell-off came as investors assessed signs of easing tensions between the United States and Iran and the possibility of renewed diplomatic efforts.
Pakistanβs army chief visited Tehran in an effort to support diplomacy, while Qatar said it would continue its mediation efforts. Reports that Washington could soon return evacuated diplomats to the region also reduced concerns over a broader military confrontation.
Meanwhile, the latest U.S. measures aimed at increasing economic pressure on Iran were viewed as less severe than markets had expected. U.S. Treasury Secretary Scott Bessent said countries trading with Tehran would be given a deadline to end their relationships or face unilateral penalties.
Despite the pressure, significant volumes of crude oil continue to move through the Strait of Hormuz, with some shipments reportedly operating discreetly.
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