Commodities

Oil Prices Plummet as Demand Forecasts Weaken Amid Ongoing US-Iran Tensions

Guavy AI Editorial Team Published August 13, 2026

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Oil

Oil prices have fallen due to weakening demand forecasts and stalled US-Iran talks. Oil markets are closely watching developments in the region, as tensions between the US and Iran remain high.

The White House press secretary Karoline Leavitt will step down, but this news did not impact oil prices directly. The main concern is the demand forecast, which has weakened, leading to a decline in oil prices.

The Wire

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