Crude oil prices have fallen further on the world market, according to foreign media.
“It is reported that the increase in production targets for the upcoming month of August by OPEC+ and the ongoing peace talks between the United States and Iran, as well as the war-free situation in the Gulf region, are the reasons for the decline in crude oil prices in the world market.
Also, foreign media reports that the resumption of normal oil exports through the Strait of Hormuz has led to the increase in world supply.
As of yesterday afternoon, the price of a barrel of Brent crude oil has dropped to US$71.78, while a barrel of US WTI crude oil is recorded at US$68.48.