Oil drops following Iran-US talks update

Escalating tensions between Iran and the United States have led to a decline in oil prices, with the Iranian Foreign Ministry spokesperson affirming the possibility of resuming negotiations with the US based on national interests. Meanwhile, Brent crude remained around $88 after reaching a high of $90 earlier. Concurrently, a third American soldier was killed in military operations targeting Iranian objectives in the Strait of Hormuz, where Iran has vowed to assert control over the strait and prevent the passage of oil and gas. In this context, experts have warned that declining inventories and slowed shipping could push oil prices above $100 per barrel.

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