Oil drops on lower demand forecasts despite deadlock in US-Iran talks
Oil prices fell more than Ksh129.6 on Thursday, August 13, 2026, as forecasters lowered global oil demand projections for 2026 because of the disruptions from the US-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market. Brent futures dropped Ksh166.75 or 1.5 per cent, to 11,333.89 a barrel. […]
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