Oil Prices Slip Over 1% as US‑Iran Talks Ease Middle East Tensions
Oil prices dropped more than 1% in early European trading, with Brent crude sliding to its lowest quarterly performance since 2020. The decline followed reports of progress in indirect US‑Iran negotiations and a surge in tanker traffic through the Strait of Hormuz, suggesting the risk premium from the Gulf crisis is receding. Analysts note that while the price slide reflects easing geopolitical risk, the market remains sensitive to any reversal in talks or renewed missile activity. Freight rates for Hormuz shipments, still elevated, serve as a more immediate gauge of supply‑line stress than spot prices, highlighting lingering uncertainty despite the recent calm.
Prefer swipe-first reading?
Install the app to keep reading with faster loads and a smoother mobile experience.
Sources
At $72 a barrel, Brent crude's level suggests the Gulf crisis is over. But the sugar rush from clearing stuck cargoes masks an oil supply deficit. Freight rates for shipping through the Strait of Hormuz, which have retreated but remain high, give a better sense of ongoing risks.
Fact Checks
Related news
Brazilian Court Blocks Bolsonaro from Visiting Sons on Father's Day
Brazil's top court has issued a ban preventing former president Jair Bolsonaro from visiting his sons on Father's Day this Sunday. The decision enforces stricter visitation guidelines following recent legal disputes. The restrictions come after the Supreme Court ruled that the family had breached terms, with some reports noting previous actions, such as Flavio Bolsonaro reading letters online despite social media bans. Some court rulings have extended these blocks for longer periods.
IS-linked Militants Attack Congo Village; UN Imposes Sanctions on Armed Groups
An attack by militants affiliated with Islamic State-linked groups has reportedly killed at least 13 people in a village located in eastern Congo, near the border with Uganda. The region continues to face severe instability. Beyond these attacks, suspected fighters from the Allied Democratic Forces (ADF) have been active, and the UN Security Council recently imposed sanctions on leaders of various armed groups operating throughout eastern DRC.
Lionel Messi's Father and Agent, Jorge Messi, Dies at Age 68
Jorge Messi, the father and longtime agent of Argentine soccer legend Lionel Messi, died at the age of 68. Reports indicate he had been battling a long-term illness. Messi's father was instrumental in his son's career, having accompanied him to Europe when he signed with Barcelona as a teenager. He was widely recognized for his dedication and presence supporting Lionel throughout his professional life.
Solar eclipse to occur next week. Here is what to know (10 sources)
Solar eclipse to occur next week. Here is what to know (10 sources) This story has been covered by multiple news sources, providing comprehensive coverage from different perspectives. **www.npr.org** reports: Solar eclipse to occur next week. Here is what to know Solar eclipse to occur next week. Here is what to know : NPRBack ButtonSearch IconFilter Icon ### [Space](https://www.npr.org/sections/space/) Solar eclipse to occur next week. Here is what to know ====================================================== August 8, 20268:56 PM ET By [Chandelis Duster](https://www.npr.org/people/g-s1-23120/chandelis-duster) 
Democratic Socialist Francesca Hong Leads Wisconsin Governor Race Amid Scrutiny
Francesca Hong has emerged as a front-runner in the Wisconsin gubernatorial race, potentially making history as the state's first socialist governor. Her strong polling numbers position her as a significant figure in this critical battleground state. The campaign faces intense scrutiny regarding its democratic socialist platform and policy shifts, including evolving views on defunding police. Meanwhile, national Democratic figures have expressed skepticism about Hong’s electability, while others suggest alternative candidates may benefit from the primary outcome.
Three inmates killed in recent separate prison clashes across Sri Lanka
Sri Lanka reported that three inmates were killed and more than twenty people were injured during two separate, deadly prison clashes. The unrest has prompted the deployment of military troops to major correctional facilities, including Welikada and Magazine Prisons. Officials attribute the growing instability to severe overcrowding within the country's jail system, which is reportedly operating at capacity.
Take Yomuyo with you
Download the mobile app for personalized headlines and quick access to breaking stories.