Adding to the losses from yesterday’s session, crude oil prices have slumped on Tuesday as investors continue to monitor the efforts by regional intermediaries in the gulf to defuse Middle East tensions.
WTI Crude Oil for December delivery was last seen trading down by $1.73 (or 1.70%) at $100.03 per barrel.
Continuing to assert its authority over the Strait of Hormuz, Iran’s Islamic Revolutionary Guards Corps warned that vessels violating its transit guidelines run the risk of being engulfed in flames, according to a report by Iran’s Tasnim News Agency.
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Market Analysis
Crude Oil Tumbles Amid Qatar’s Efforts To End U.S.-Iran Military Confrontation
2026-10-27 18:36:52
