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Commodities

Oman Crude Price Plunges Amid US-Iran Diplomatic Shift

Guavy AI Editorial Team
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Oil
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Oman's official crude oil price for October delivery settled at USD 78.26 per barrel, marking a decrease of USD 0.54 from the previous day.

The monthly average price of Oman crude oil for August delivery stood at USD 79.09 per barrel, down by USD 22.91 from July's delivery price.

Brent crude futures plummeted $4.50, a drop of over 5%, to $83.40 a barrel following US President Donald Trump's announcement that talks with Iran would commence on Monday.

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