International oil prices saw a significant decline on August 3. By the close of trading that day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange dropped by $4.33 to $80.34 per barrel, a decrease of 5.11%. Brent crude oil futures for October delivery in London fell by $4.16 to close at $83.77 per barrel, a drop of 4.73%. This rate of decline represents one of the largest single-day fluctuations in the international crude oil market in recent times

Head of Iran's Energy Optimization Organization: In the first plan, gasoline prices remain unchanged, but the total allocation is capped at 121 million liters; once used up, refueling will stop. In the second plan, the daily production of 121 million liters of gasoline will be distributed among vehicles, and anyone wishing to exceed their quota must purchase gasoline at the free market price. In the third plan, gasoline quotas are allocated to citizens, with each person receiving 30 liters per

Head of Iran’s Energy Optimization Organization: As part of three proposals currently under review for managing Iran’s gasoline supply, the country is considering a plan to allocate 30 liters of gasoline per person each month, with this quota being transferable and tradable.

According to The Information, Nvidia (NVDA.US) is in talks to invest $3 billion in SB Energy as part of the OpenAI data center deal.

The Brent crude oil over-the-counter price has fallen below $86 per barrel, with an intraday decrease of more than 0.1%.