Ghana news briefing
Oil prices extend decline as US and Iran pause attacks
By GhanaSummary Newsroom1 min read
Separately, Iran's Houthi allies in Yemen said they had targeted the East-West Pipeline carrying oil to Saudi Arabia's main Red Sea port of Yanbu in retaliation for Saudi drone incursions.
Also weighing down oil prices was news that the Caspian Pipeline Consortium's Black Sea terminal on the Russian coast has resumed oil loadings, after a one-week stoppage following Ukrainian drone attacks.
They said, in the week ended July 24, crude oil and refined product net exports through the strait averaged 2.
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