Oil prices declined today on Wednesday, renouncing some of the sharp gains made yesterday, after the Iraqi Government and the authorities in Kurdistan region reached an agreement to resume oil export through the Turkish port of Jihan, which reduced little fears about the supply of the Middle East.
However, in the absence of indicators of a sharp decline in the conflict with Iran, which has significantly disrupted oil exports from the Middle East, the forward contracts of the Brent crude exceeded $100 per barrel when the four previous meetings were resolved.
After increasing by more than 3 per cent yesterday, the future contracts of the Brent crude decreased by 67 cent, or 0.65%, to $102.75 per barrel, and the U.S. mediator ' s crude west of Texas decreased by $1.18 , or 1.23%, to $95.03.
Yesterday, Iran confirmed that Israel had killed the Secretary of the Supreme Council for National Security, Ali Larijani, the highest figure ever targeted for the Israeli war.
Yesterday, the United States Army said that it targeted sites on the Iranian coast near the Hirams Strait because Iranian anti-ship missiles posed a threat to international navigation there.
