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US-Iran talks begin, world oil prices fall

2026-08-03 12:13:00Kosova&Bota SHKRUAR NGA REDAKSIA VOX
US-Iran talks begin, world oil prices fall
Donald Trump

A day after US President Donald Trump announced that he would end attacks on Iran, it is learned that hydrocarbon prices have suffered a significant decline in early Asian trade.

The reaction made yesterday on his "Truth Social" network raised hopes for "peace" in the Middle East as well as the reopening of the Strait of Hormuz, which had immediate effects on hydrocarbon costs.  

Oil prices have suffered a significant decline in the Asian market this Monday morning.

According to foreign media reports, West Texas Intermediate crude oil is trading at $79.77 per barrel, down 5.88%. While the current cost of Brent crude oil has decreased to $83.47, down 5.07%.

Although on Saturday it looked as if the rifts would worsen further after Trump warned that the US was preparing to launch what he described as the "largest attack since World War II" against Iran.

On Sunday, the situation took a different turn after the president canceled the planned attack, indicating that an agreement between the parties was close. While emphasizing that the decision was made for the good of the entire world.

It is expected that the drop in oil prices will also affect our country, where hydrocarbon costs have been fluctuating in recent days.

Currently, oil in Albania is priced at 214 lek per liter, while it is expected that we will soon have a new price, with a more reasonable cost.


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