{
  "id": 3870044,
  "title": "Oil Price Today (August 28): Crude oil falls over 5% this week despite Trump rejecting terms of Iran deal. What are experts saying?",
  "url": "https://urgent.news/2026/08/28/oil-price-today-august-28-crude-oil-falls-over-5-this-week-despite",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-28T02:20:32.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/commodities/news/oil-price-today-august-28-crude-oil-falls-over-5-this-week-despite-trump-rejecting-terms-of-iran-deal-what-are-experts-saying/articleshow/133581385.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "Oil prices experienced a sharp decline this week, with Brent crude futures falling 0.6% to $89 a barrel and West Texas Intermediate crude futures dropping 0.5% to $83 a barrel. This decline comes despite the Wall Street Journal reporting that U.S. President Donald Trump was not interested in returning to the terms of the earlier Iran deal. The report, citing sources familiar with the situation, stated that the Trump administration had repeatedly told mediators that it did not want to revive the June memorandum of understanding, complicating diplomatic efforts to restart talks between Washington and Tehran. The geopolitical tensions have also intensified, with Moscow warning of potential targeting of British military targets in response to attacks using British-supplied long-range cruise missiles.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Live Mint",
        "title": "Trump admin likely to sign a deal with Venezuela to access its oilfields: How will it work? What are the legal hurdles?",
        "url": "https://urgent.news/2026/08/28/trump-admin-likely-to-sign-a-deal-with-venezuela-to-access-its",
        "published": "2026-08-28T02:50:13.000Z"
      }
    ]
  },
  "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."
}