On 27/8, Bloomberg, citing sources, reported that Venezuela is considering withdrawing from the Organization of the Petroleum Exporting Countries (OPEC).

Financial markets experienced significant volatility due to renewed conflict in the Middle East and the Federal Reserve's decision to maintain interest rates.

World oil prices continued to fall on july 28 afternoon as the US and Iran ceased mutual attacks since last weekend.

Crude oil prices dropped by 5% per barrel, while gold gained 50 USD on the morning of 27/7, following the cessation of attacks between the US and Iran over the weekend.

Rapidly escalating tensions in the Middle East have driven Brent crude oil prices above 100 USD, while gold has lost the 4.100 USD mark.

Washington aims to increase economic pressure on Tehran by sanctioning oil sales and freezing digital currency wallets.

Gold prices have fallen below $4,000 per ounce, while Brent crude oil has surpassed $80 following the US's reimposition of a blockade on Iranian seaports.