Oil prices were slightly lower on Thursday but stayed close to one-month highs after Iran said it has no plans for negotiations and remains focused on its defense.

Brent crude futures dropped nearly 1 percent to $84.17 a barrel after three consecutive sessions of gains. WTI crude futures were down half a percent at $79.18.

After the United States launched a new wave of attacks in multiple locations across Iran on Wednesday night, Iran retaliated by launching fresh attacks on U.S. military bases in neighboring Gulf States.

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Market Analysis




Oil Prices Dip But Stay Close To One-month Highs

2026-07-16 09:49:15

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