International oil prices continue to fall... Lowest since August 31st

On the 10th (local time), international oil prices continued to decline, falling to the lowest level since August 31.

This is because concerns over supply disruptions in the Middle East have eased amid speculation that the United States will refrain from further military action against Iran.

On the London ICE Futures Exchange, Brent crude oil futures for January delivery ended trading at $91.49 per barrel, down 1.17% from the previous trading day.

On the New York Mercantile Exchange, U.S. West Texas Intermediate (WTI) crude oil futures for December delivery closed at $86.04 per barrel, down 0.93% from the previous day.

Both Brent crude oil and WTI closing prices are at their lowest levels since August 31.

On this day, international oil prices plunged by more than $3 per barrel in the early hours of trading, but some of the losses were recovered as Iran denied rumors of negotiations with the United States.

Mohsen Rezai, Secretary-General of Iran's Supreme National Security Council (SNSC), said in an interview with Lebanese media that "the claim that the United States is continuing negotiations with Iran and holding talks in Qatar is completely false."

Afterwards, the US side stated that there was no significant need for additional military operations.

U.S. Secretary of State Marco Rubio said at the G7 foreign ministers' meeting held in Paris, France that large-scale military operations against Iran are not necessary at this time.

He told reporters that President Donald Trump "has concluded that there is no need for large-scale combat operations at this time because the same goals are being achieved through economic means."