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27 August 2026Energy

Brent crude falls for fourth consecutive day

Brent oil fell around 0.7% to about $87.24 a barrel.

Prices declined on expectations that diplomatic talks involving Qatar and Iran could reduce disruption around the Strait of Hormuz.

Important Points for Exam

Quick revision notes

  1. 1Brent: about $87.24
  2. 2Down 0.7%
  3. 3Fourth day of losses
  4. 4Hormuz diplomacy

Test yourself

Practice Questions

1 MCQ

Q1. Which statement correctly describes “Brent crude falls for fourth consecutive day”?

Correct answer: A

Prices declined on expectations that diplomatic talks involving Qatar and Iran could reduce disruption around the Strait of Hormuz.