{
  "id": 3631032,
  "title": "WTI slips below $81.50 amid Middle East diplomacy",
  "url": "https://urgent.news/2026/08/27/wti-slips-below-81-50-amid-middle-east-diplomacy",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T01:08:22.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/wti-slips-below-8150-amid-middle-east-diplomacy-202608270108"
  },
  "original_language": "en",
  "account": "West Texas Intermediate (WTI) oil price dropped below $81.50 per barrel on Thursday, following a slight increase in the previous day. The decline in WTI prices was attributed to signs of diplomatic progress in the Middle East, particularly the agreement between Iran and Oman regarding their respective shares in the Strait of Hormuz's waters and revenues. However, Iran expressed caution, stating that reopening the vital waterway would need more than just an agreement with Oman. US President Donald Trump claimed that 10 million barrels of oil had passed through the Strait on Tuesday, reiterating his belief that mines in the waterway had been cleared. The recent easing of US economic sanctions on Iran also contributed to the downward pressure on oil prices, as they were less severe than anticipated by the market. The White House thus far has refrained from imposing additional sanctions on Iran's trading partners. Meanwhile, US crude inventories rose by less than expected last week, increasing by 95,000 barrels to 428.9 million barrels, which softened the impact of the oil price decline.",
  "summary": "West Texas Intermediate (WTI) oil price depreciates after registering modest gains in the previous day, trading around $81.30 per barrel during the Asian hours on Thursday. Crude oil prices decline amid signs of diplomatic progress in the Middle East.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Qatar Tribune Business",
        "title": "Stocks rise as oil slides on Middle East diplomacy hopes",
        "url": "https://urgent.news/2026/08/26/stocks-rise-as-oil-slides-on-middle-east-diplomacy-hopes",
        "published": "2026-08-26T21:00:00.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Oil prices extend losses on expectations talks will ease Middle East supply woes",
        "url": "https://urgent.news/2026/08/26/oil-prices-extend-losses-on-expectations-talks-will-ease-middle-east",
        "published": "2026-08-26T22:13:42.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Oil prices fall further on M.East diplomacy hopes",
        "url": "https://urgent.news/2026/08/26/oil-prices-fall-further-on-m-east-diplomacy-hopes",
        "published": "2026-08-26T23:54:22.000Z"
      },
      {
        "outlet": "Malay Mail",
        "title": "Qantas profit falls 20pc as Middle East conflict drives up fuel costs",
        "url": "https://urgent.news/2026/08/27/qantas-profit-falls-20pc-as-middle-east-conflict-drives-up-fuel-costs",
        "published": "2026-08-27T02:13:50.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}