Iranian oil loadings fell to 248,000 barrels a day in August from 1.85 million barrels a day between March and April, according to Kpler, while non-Iranian Persian Gulf shipments recovered to about 5.2 million barrels a day in the week beginning Aug. 3 and roughly 9 million barrels a day including pipeline flows. Diplomatic engagement has reduced immediate fears of a wider supply disruption, contributing to a decline in crude prices. Price snapshots differ by reporting date: WTI later slipped below $81.50 a barrel, while the newer account places Brent near $80 and WTI in the mid-$70s on [Date]. Ample inventories, weaker demand prospects and uncertainty over OPEC+ output are adding pressure, but any breakdown in talks or renewed escalation could quickly reverse the decline.