Oil drops after Iran diplomatic signals

Oil prices fell today, Thursday, after experiencing a 4% increase in the previous session, amid signs of ongoing diplomatic efforts between Iran and the United States to end the war. Iran announced that it remains open to dialogue, with discussions underway about lifting the naval blockade of the ports and reopening the Strait of Hormuz. Efforts are focused on a diplomatic solution despite differing positions between the parties, with an Iranian official confirming that the Strait of Hormuz will not reopen until Iran's conditions are met. Meanwhile, the U.S. Secretary of State stated that reaching an agreement requires time and effort, with military options still on the table.

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