Tuesday, August 25, 2026

Business News

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Oil prices slip 1% after reports of possible de-escalation

Oil prices declined in Asian trading on Tuesday, reversing earlier gains after U.S. media reports said Donald Trump had indicated to aides a willingness to end the conflict with Iran without reopening the Strait of Hormuz.

TAS News Service

info@thearabianstories.com

Tuesday, March 31, 2026

Muscat: Brent crude futures for May delivery fell $1.22, or 1.08 percent, to $111.56 a barrel, after rising about 2 percent earlier in the session.

Meanwhile, West Texas Intermediate crude futures for May delivery dropped 98 cents, or 0.95 percent, to $101.90 a barrel, having touched their highest level since March 9 at the start of trading.

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