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Commodities

Brent Crude Prices Plummet Amid Gulf Supply Fears and Weakening Demand

Guavy AI Editorial Team Published August 13, 2026

Instruments

Oil

Brent crude oil prices fell over 3% on Thursday as investors reassessed the global oil market outlook.

The decline came amidst uncertainty around oil supplies from the Gulf region and growing concerns about weakening demand.

Traders are weighing two key factors: supply risks from the Strait of Hormuz and a potentially weaker-than-expected demand growth.

Brent crude prices have been volatile in recent times, with Brent recently trading at around $80 a barrel.

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