Baku 25° C
Brent crude falls to $87.35
Other countries
- 27 August, 2026
- 10:28
Oil prices have declined on hopes for the normalization of vessel traffic through the Strait of Hormuz, Report informs, citing trading data.
October futures for Brent crude fell on the London ICE Futures exchange by 0.56% to $87.35 per barrel.
October futures for WTI crude decreased on the electronic trading of the New York Mercantile Exchange (NYMEX) by 0.56% to $81.77 per barrel.
On August 26, the Islamic Revolutionary Guard Corps (IRGC) announced that representatives of Iran and Oman agreed to share revenues generated from securing shipping in the Strait of Hormuz.
Author
Latest News
10:30
Azerbaijan's gold exports rise 33.9% to $239.4 million
Industry10:16
Ukraine hits Yaroslavl oil refinery with drones
Other countries10:08
'We don't want to speak to them': Trump on negotiations with Iran
Other countries10:02
Women's European Volleyball Championship: Azerbaijan team plays final group match
Team sports09:59
Brent falls to $89.37
Energy09:55
Axios: US close to striking 'massive' deal for Venezuelan oil fields
Other countries09:49
Azerbaijan's Azercosmos boosts satellite service exports by 50.5%
ICT09:48
Death toll from floods in Nepal rises to 469
Other countries09:45