Oil drops on lower demand forecasts despite deadlock in US-Iran talks

Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli ​war on Iran,

Oil drops on lower demand forecasts despite deadlock in US-Iran talks  Reuters

BEIJING, Aug 13 : Oil prices fell more than $1 on Thursday as forecasters lowered global oil demand projections for 2026 because of the disruptions from the U.S.-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped $1.29, or 1.5 per cent, at $87.69

Attacks on ships in the Middle East continued as talks to end the Iran ​war hit an impasse.