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The price of oil has fallen to its lowest level in nearly two months, with a barrel of Brent crude oil trading below the $90 mark.
According to market data, the price of Brent fell to $88.17 per barrel, the lowest level since April 17. At that time, markets reacted positively after the announcement of a ceasefire between the United States and Iran.
Also on Tuesday, reports of progress in peace talks put pressure on prices, temporarily pushing them below the $90 threshold. However, the latest drop is considered particularly significant by market analysts.
Despite the recent decline, oil prices remain significantly higher than their pre-conflict levels, when a barrel was trading around $72. This level was also higher than the average price recorded during 2025.
Energy market fluctuations continue to be affected by geopolitical developments in the Middle East, as well as expectations for an easing of tensions between Washington and Tehran.
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