A significant decline in oil prices on the impact of escalation in the region
June 23, 2025
Translations – Abu Dhabi
23:29 – June 23, 2025
Oil prices fell due to tensions in the Middle East .. Archive
Brent crude futures recorded its largest decline since August 2022, at closing on Monday, according to Reuters news agency.
The extensive sale wave led to the disperse of the initial rise in oil prices on Sunday night, which resulted in fears that Iran may respond by targeting energy infrastructure in the Middle East.
Oil prices began to decrease on Monday after an interception of Iranian missiles fired towards the American “Al -Kadid” base in Qatar.
US oil futures decreased by 7.2 percent, to settle at $ 68.51 a barrel.
This decline is the largest daily decline since early April, and one of the worst days over the past three years, CNN reported.
On Monday, crude oil closed about 10 dollars from its peak on Sunday night at $ 78.40.
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