Oil prices fall after Iranian messages

On the American market, a barrel for delivery in May traded at a lower price of 66 cents, at $82,07. By almost the same amount, the price of a barrel for delivery in June also fell, slipping to $81,42.

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Photo: Shutterstock
Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Oil prices fell to $86 on international markets on Friday as investors were reassured by messages from Iran following a "suspicious" drone incident, dampening fears of an escalation in the Israeli-Iranian conflict.

On the London market, the price of a barrel was lower by 72 cents and amounted to 86,39 US dollars, reports SEEbiz.

On the American market, a barrel for delivery in May traded at a lower price of 66 cents, at $82,07. By almost the same amount, the price of a barrel for delivery in June also fell, slipping to $81,42.

Markets were catapulted by Western media reports of an explosion near the Iranian city of Isfahan. The American TV company ABC announced, citing an unnamed American official, that Israeli rockets hit a location in Iran.

Iranian state television announced that "three drones were spotted in the sky above Isfahan", and that the air defense system had been activated and destroyed the drones.

Iranian media did not mention Israel in the reports, and one analyst told state television that the drones were being flown by people who had infiltrated Iran.

Tehran downplayed the incident and said it had no plans to respond. The message was put most clearly by a senior Iranian official, who said Tehran was not planning a response at this time.

Markets have been fearing an escalation since Tehran announced a response to an Israeli attack on the Iranian consulate in the Syrian capital Damascus, which killed several senior Iranian military officials and consular officials.

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