Energie: Ölpreis fällt erstmals seit August unter 90 Dollar

Oil prices fell below 90 dollars per barrel for the first time since August, driven by hopes of an end to the Iran conflict. At noon, a barrel of the reference Brent type from the North Sea, delivered in January, cost 89.92 US dollars, a 2.9% decrease. This decline was triggered by expectations of an end to the US-Iran war, announced by President Donald Trump.

Trump declared the military conflict with Iran "effectively over," stating that they maintain the status quo at the urging of neighboring countries. Confidence in ending the military confrontation grew following the US midterm elections at the beginning of last week. Democrats in Congress are currently considering using the 11th of December deadline for a government shutdown to pressure Trump into ending the war.

Gasoline prices, which fell to under two euros per liter in September, are also dropping. According to the ADAC, E10 super gasoline, costing less than 2 euros per liter on average, is now available nationwide. Diesel prices have also decreased, though less significantly, with E10 gasoline averaging 1.991 euros per liter nationwide on Monday, the lowest value since July 1st.

However, recent price reductions may not be fully reflected in these figures. Current data from the fuel price portal Tankerkönig also suggests further declines in fuel prices. The situation at the Gulf remains unclear, however, as the more moderate rhetoric may not yet translate into tangible progress in ending the war initiated by the US and Israel.

Political uncertainty has increased, following the loss of Benjamin Netanyahu's parliamentary majority in Israel. Instead, Israel's parliament speaker, Gadi Eisenkot, is expected to form a coalition. Meanwhile, the Iran conflict continues to have significant and direct impacts on the entire Gulf region. For instance, the crucial east-west oil pipeline in Saudi Arabia was recently targeted in an attack, causing oil to be transported from the Persian Gulf to the Red Sea through the Hormuz Strait, which is still effectively blocked.