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Oil prices softened
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Blog – Shafaqna English | International Shia News & Fatwas
Shafaqna English- Crude prices declined on Tuesday(21 Jul 2026) as traders balanced news of U.S.-Iran mediation against renewed military strikes between the two nations and warnings from Yemen’s Houthis about imposing a naval siege on Saudi Arabia.
By 04:15 GMT, Brent futures had fallen by 78 cents (0.9%) to $88.44 a barrel, while WTI dropped 73 cents (0.9%) to $82.50.
The more actively traded September WTI contract declined 41 cents (0.5%) to settle at $82.07.
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