International oil prices have fallen due to the easing of the Middle East crisis. The slowdown in demand from China has also had an impact.

[‘\nInternational oil prices, which surged amid escalating Middle East tensions, dropped by around 5% on the 15th (local time). The decline is attributed to forecasts of a slowdown in Chinese oil demand and reduced concerns about potential attacks on Iran’s oil facilities by Israel.’,
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, ‘On that day, December Brent crude futures on the London ICE Futures Exchange traded at $73.82 per barrel at noon, down 4.69% from the previous trading day’s closing price.’,
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, ‘The price of West Texas Intermediate (WTI) crude oil on the New York Mercantile Exchange fell to $70.10 per barrel, down 5.04% from the previous closing price in pre-market trading.’,
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, ‘Factors contributing to the drop in oil prices on that day include disappointment over China’s stimulus measures and OPEC’s downward revision of its demand growth forecasts.’,
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, ‘China, the world’s largest oil importer, saw its imports decline for the fifth consecutive month in September compared to the same period last year. While China’s finance ministry announced plans to significantly increase bond issuance to stimulate the economy on the 12th, the exact scale of the issuance was not disclosed. OPEC also revised down its projected demand growth for this year from 200,000 barrels per day to 190,000 barrels per day.’,
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, ‘The Washington Post reported, citing US officials, that Israeli Prime Minister Benjamin Netanyahu conveyed to the US government his intent to target military facilities in Iran rather than its oil or nuclear-related facilities.’,
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