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Petah Birol, Director General of the International Energy Agency, warned on Tuesday, October 20, at a conference that the global oil market and energy in general are not expected to return to their normal state in 2027. At the same time as this warning, according to the Reuters news agency, the price of oil in the world market also approached 112 dollars per barrel, which was unprecedented in the last five months, since the establishment of the ceasefire between the US and Iran. The price of Brent crude oil in the North Sea, which is used as a standard and benchmark for oil prices, fell to $108.79 a barrel on Tuesday after reaching $111.99 a barrel. The price of West Texas crude reached $101.79 a barrel at the end of that day. The Sianan TV network quoted experts and wrote that these high prices are a sign that the market is still worried about the growing tension between Iran and the US. On Tuesday, Mehr 28, while promising that the war with Iran would end "very soon", the US president said that only the "final decision" remained, the decision to end the work of the Islamic Republic by military means or to reach an agreement through diplomacy.

Radio Farda · رادیو فردا · Source

Petah Birol, Director General of the International Energy Agency, warned on Tuesday, October 20, at a conference that the global oil market and energy in general are not expected to return to their normal state in 2027. At the same time as this warning, according to the Reuters news agency, the price of oil in the world market also approached 112 dollars per barrel, which was unprecedented in the last five months, since the establishment of the ceasefire between the US and Iran. The price of Brent crude oil in the North Sea, which is used as a standard and benchmark for oil prices, fell to $108.79 a barrel on Tuesday after reaching $111.99 a barrel. The price of West Texas crude reached $101.79 a barrel at the end of that day. The Sianan TV network quoted experts and wrote that these high prices are a sign that the market is still worried about the growing tension between Iran and the US. On Tuesday, Mehr 28, while promising that the war with Iran would end "very soon", the US president said that only the "final decision" remained, the decision to end the work of the Islamic Republic by military means or to reach an agreement through diplomacy.

Petah Birol, Director General of the International Energy Agency, warned on Tuesday, October 20, at a conference that the global oil market and energy in general are not expected to return to their normal state in 2027. At the same time as this warning, according to the Reuters news agency, the price of oil in the world market also approached 112 dollars per barrel, which was unprecedented in the last five months, since the establishment of the ceasefire between the US and Iran. The price of Brent crude oil in the North Sea, which is used as a standard and benchmark for oil prices, fell to $108.79 a barrel on Tuesday after reaching $111.99 a barrel. The price of West Texas crude reached $101.79 a barrel at the end of that day. The Sianan TV network quoted experts and wrote that these high prices are a sign that the market is still worried about the growing tension between Iran and the US. On Tuesday, Mehr 28, while promising that the war with Iran would end "very soon", the US president said that only the "final decision" remained, the decision to end the work of the Islamic Republic by military means or to reach an agreement through diplomacy.