Oil prices slip for fourth day as Brent logs longest decline since June
West Texas Intermediate and Brent futures fell for a fourth consecutive session, extending Brent's longest losing streak since June, while Donald Trump discussed possible options with Iran.
Crude oil markets saw another round of declines, with WTI and Brent futures both slipping for the fourth day in a row, and Brent recording its longest stretch of falling prices since June. Market participants are closely monitoring the situation as former U.S. leader Donald Trump announced on one outlet that he faces a decision between intensifying sanctions or reaching an agreement with Iran, and he expressed openness to meeting Iranian President Masoud Pezeshkian in New York.
The remarks come as the United States continues to consider its strategy toward ending the conflict with Iran. In parallel, e-petrol.pl analysts reported that fuel prices at Polish pumps are at historic levels and are projected to remain high, with gasoline expected to breach the 8-zloty per litre psychological barrier and diesel approaching 9 zloty per litre. The outlook suggests continued pressure on consumers despite the recent dip in oil prices.
Why it matters
Falling oil prices could affect global energy costs, while Trump's Iran stance may influence geopolitical tensions.
How this story developed
- Sep 3 Polish energy minister says no budget aid for drivers as fuel prices surge
- Sep 7 Hungarian diesel price reached a record above 688 forints per litre.
- Sep 9 The president blocked the tax on extraordinary profits of energy firms, leaving the state without budgetary means to aid motorists.
- Sep 18 The Sejm voted to pass the extraordinary‑profits tax on fuel companies.
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