Business & FinanceBrent crude suffers steepest weekly fall since 2020 as Middle East price war and Iran-talk hopes flood the market
Brent crude fell more than 16 per cent last week, its steepest weekly drop since April 2020, as Saudi Arabia slashed prices, Hormuz exports recovered and hopes of a US-Iran deal stripped the war premium from oil, with Brent trading near $98 on Monday.
Business & Finance · 9 Nov 2026, 2:55 pm