Tehran (Commerce Desk): Despite the tense situation in the Middle East and the US-Iran conflict, crude oil prices in the global market have witnessed a slight decline.
According to analysts, the continuous movement of oil tankers through the Bab al-Mandab route has reduced concerns over supply disruptions, which has increased pressure on global prices.
According to data, Brent crude oil prices decreased by 1.42 percent, falling to $89.45 per barrel, while US West Texas Intermediate (WTI) crude oil declined by 0.66 percent to $83.90 per barrel.