Oil Prices Decline Again

The price of oil, which had suddenly increased following an agreement between Saudi Arabia and Russia to maintain their oil production levels, has once again begun to decline. On Wednesday, April 25, the French news agency reported that the price of West Texas Intermediate oil for delivery next month had decreased by 59 cents to $41.58 per barrel. Brent oil also saw a decrease of 52 cents, selling for $44.17 per barrel for delivery in two months. On Tuesday, oil prices reached their highest level this year, a result of the agreement between the two major oil-producing countries, Saudi Arabia and Russia. This agreement, reached just before the Doha oil meeting, raised expectations for a broader agreement among all oil producers. The Doha meeting is set to take place on Sunday, with both OPEC member countries and non-OPEC countries in attendance. Meanwhile, the Kremlin has expressed optimism about reaching a broad agreement to maintain oil production levels, regardless of Iran's stance. Iran has previously stated that while it welcomes the idea of maintaining oil production ceilings, it intends to increase its oil exports, which have been reduced due to sanctions. In this context, Iran has 'halted' its oil sales to India in exchange for rupees or goods, and there has been a '90% growth' in Iran's oil revenues following the JCPOA. The increase in oil prices following the 'agreement' between Saudi Arabia and Russia has altered the dynamics of 'proxy wars'; the conflict against the people in the streets of Iran continues. The first paragraph discusses the responsibility of the opposition and the potential radicalization of Iranian society. The last representative of Mossad in Tehran has passed away amid the Iranian crisis. Trump hopes that further action regarding Iran will not be necessary; people were killed indiscriminately. The shadow of war looms over Tehran; 'Trump is seeking decisive military options against Iran.' Trump states that if the Islamic Republic attempts to assassinate him, it will be 'wiped off the face of the earth.' Trump emphasizes the 'cessation of executions in Iran': we do not know what will happen in the future.