Oil prices fell more than $1 as forecasters lowered global oil demand projections for 2026 because of the disruptions from the US-Israeli war on Iran, though the supply constraints from the conflict provided a floor for the market, Reuters reports.
Brent futures dropped $1.29, or 1.5 per cent, at $87.69 a barrel by 0100 GMT. US West Texas Intermediate (WTI) crude fell $1.30, or 1.6pc, to $81.97.
