Oil slides toward weekly loss as Iran uncertainty persists
Oil prices declined on Friday, putting both major benchmarks on course to end a two-week winning run, even after prices settled higher in the previous session amid renewed uncertainty over U.S.-Iran relations.
August 28, 2026 (MLN): Oil prices declined on Friday, putting both major benchmarks on course to end a two-week winning run, even after prices settled higher in the previous session amid renewed uncertainty over U.S.-Iran relations. Currently, Brent crude futures is up, 1.33%, at $88.19 per barrel, according to data by Mettis Global. West Texas Intermediate (WTI) crude futures is down by $0.84, or 1.02%, to $81.39 p...