Oil prices slide as Middle East crude flows rise

Oil prices declined as improving crude flows from Saudi Arabia and the restarted East-West pipeline eased supply concerns. Losses were limited after President Trump tempered expectations for a swift regional peace deal.

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FILE PHOTO: A drone view shows vessels near the Strait of Hormuz, as seen from Musandam, Oman, August 28, 2026.

Brent Crude Oil futures settled down $1.09 to $99.25 a barrel on Tuesday as flows from Saudi Arabia and the Strait of Hormuz improved. The drop followed a session low where benchmarks fell more than $2 a barrel.

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