Brent Below $80

Iran Market Pulse: Wednesday Morning, August 5, 2026; Brent Slides to $78.70 in a Third Straight Losing Session

Brent crude stood at $78.70 a barrel at 08:05 Tehran time on Wednesday, 14 Mordad 1405 (5 August 2026), down 0.83 percent from the previous close in a third consecutive losing session, taking its weekly decline past 10 percent and holding the benchmark below $80 for the first time since 22 Tir (13 July 2026). The driver is a near interim deal to reopen the Strait of Hormuz. The Tehran bourse reopens today after the Arbaeen holiday, facing a board that last closed at very different oil prices.