Oil prices are falling amid the signs that the crude being extracted in the Persian Gulf region continues to be supplied to the global market, despite the ongoing military conflict between the US and Iran.

Accordingly, the September Brent crude oil futures fell $1.70 (1.91%) to $87.33 a barrel on the ICE Futures stock exchange in London. On Thursday, Brent had fallen $1.71 (1.88%) to $89.03 a barrel.

And the WTI crude oil futures for September delivery dropped $1.75 (2.09%) to $81.84 a barrel on the New York Mercantile Exchange (NYMEX). In the previous trading session, its price had fallen $0.87 (1.03%) to $83.59 a barrel.