Energy: Oil price falls below $90 for the first time since August
Especially for premium petrol, the price drop of recent weeks is noticeable. E10 has been below two euros for a few days. However, the situation in the Gulf remains unclear.
The oil price has dropped below $90 per barrel for the first time since August, amid hopes for an end to the US-Iran conflict. US President Donald Trump said the military confrontation with Iran is "effectively over". The price of Brent crude oil fell 2.9% to $89.92 per barrel. The decrease in oil prices has also led to lower fuel prices in Germany, with the average price of E10 petrol falling below €2 per liter.
Israel's Prime Minister Benjamin Netanjahu has lost his parliamentary majority, adding to uncertainty in the region.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
