LBCI

World oil prices drop 5% on hopes over US-Iran war talks

World News

07-05-2026 | 09:01

Share

Share

World oil prices drop 5% on hopes over US-Iran war talks

Global oil prices fell more than five percent on Thursday on optimism over talks aimed at ending the Middle East war.

International benchmark, Brent North Sea crude, shed 5.1 percent to $96.06 a barrel.

The main U.S. contract, West Texas Intermediate, lost 5.5 percent to $89.87.

AFP

World News

Oil

Prices

Middle East

War

Next

Russia scolds ally Armenia for hosting Zelensky

Pope talks underscore US-Vatican 'strong relationship’

Previous

Recommended For You

UN urges release of people detained in India protests

10:34

UN urges release of people detained in India protests

Eritrea urges UN to condemn Ethiopia's 'declaration of war'

09:50

Eritrea urges UN to condemn Ethiopia's 'declaration of war'

Zelensky says Russian strikes on Ukraine are 'thanks' for US diesel deal

08:01

Zelensky says Russian strikes on Ukraine are 'thanks' for US diesel deal

Large-scale power outages in Kyiv due to Russian strikes: Energy company

07:19

Large-scale power outages in Kyiv due to Russian strikes: Energy company

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Parliament session outcome: Hezbollah sidesteps confidence vote with walkout

News Bulletin Reports

2026-09-17

Parliament session outcome: Hezbollah sidesteps confidence vote with walkout

Ship in Strait of Hormuz struck by 'unknown projectile': UK agency

Middle East News

2026-03-04

Ship in Strait of Hormuz struck by 'unknown projectile': UK agency

EU extends mandates for Rafah border and Palestinian police missions

Middle East News

2026-09-28

EU extends mandates for Rafah border and Palestinian police missions

Lebanese army delegation visits Washington — what lies ahead for US support?

News Bulletin Reports

2026-01-28

Lebanese army delegation visits Washington — what lies ahead for US support?

Videos

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

News Bulletin Reports

13:08

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

News Bulletin Reports

2026-10-08

Kaja Kallas tells LBCI about Europe’s planned mission in Lebanon — interview

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

2026-09-18

Heavy rain and flooding hit Lebanon’s Zahle region: Footage

Aoun arrives at Élysée Palace for meeting with Macron—Video

2026-09-17

Aoun arrives at Élysée Palace for meeting with Macron—Video

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Most read

24 hours

7 days

Month

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

1

US on Hezbollah funding and Lebanon’s reconstruction: What did Tommy Pigott tell LBCI? Watch the interview

People being evacuated from Riyadh airport: Three witnesses to AFP

2

People being evacuated from Riyadh airport: Three witnesses to AFP

New allegations shake Netanyahu as Israel braces for possible Iran war

3

New allegations shake Netanyahu as Israel braces for possible Iran war

Aoun welcomes Trump’s decision to lift restrictions on air travel with Lebanon

4

Aoun welcomes Trump’s decision to lift restrictions on air travel with Lebanon

UAE says Omani flydubai co-pilot planned suicide attack on Tel Aviv flight

5

UAE says Omani flydubai co-pilot planned suicide attack on Tel Aviv flight

Eritrea urges UN to condemn Ethiopia's 'declaration of war'

6

Eritrea urges UN to condemn Ethiopia's 'declaration of war'

Major earthquake hits Panama, injures at least 27

7

Major earthquake hits Panama, injures at least 27

Five people in intensive care after being wounded at Riyadh airport: AFP

8

Five people in intensive care after being wounded at Riyadh airport: AFP

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More