Back to news
26 Aug 2026 · 12:57 GMT+3

WTI Oil drops below $80 amid hopes of Hormuz reopening, US-Iran de-escalation

Crude prices extend their reversal on Wednesday, with the US benchmark West Texas Intermediate (WTI) trading at the $79.50 area as of writing, highlighting a 9% decline from last week’s highs above $87.00.

Trading involves risk. The information above is for reference only and does not constitute investment advice.