Oil prices slip as tankers continue to ply Middle East conflict zones
Photo: New Straits Times
BEIJING: Oil prices gave up some of their gains on Thursday as oil tankers continued to make their way out of the Middle East even as tensions there escalated, with the US-Iran war spreading beyond its main fronts.
From the original report
Brent futures fell US$1.29, or 1.42 per cent, to US$89.45 a barrel as of 0110 GMT. US West Texas Intermediate (WTI) crude fell 56 cents, or 0.66 per cent, to US$83.90 a barrel.
Brent settled up 7.91 per cent in the previous session and WTI up 6.56 per cent in one of the sharpest spikes of the Iran war, reversing a 5 per cent plunge on Tuesday after a pause in hostilities in the five-month conflict.
…
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About this story
- Source
- New Straits Times
- Originally published
- Jul 30, 2026
- Updated here
- Aug 15, 2026
- Produced by
- Malaysia Times desk (brief) — reporting by the source
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