Oil prices fell due to lower demand forecasts, which occurred despite the deadlock in US-Iran talks. This was reported by Qazaqyia.kz citing Reuters.
Market participants expect lower oil demand due to a slowdown in the global economy. These factors are putting pressure on oil prices, despite geopolitical risks.
Talks between the US and Iran are still deadlocked, but this has not significantly affected the oil market. According to experts, concerns about demand are the main reason for the price decline.