Oil dips after 4% rise

The article discusses the decline in oil prices following a 4% increase in the previous session, with Brent contracts falling to $102.25 per barrel and West Texas Intermediate contracts dropping to $91.45. The divergence between Iran and the United States regarding the end of the war continues. An Iranian official confirmed that diplomatic efforts must carry on, with discussions taking place about lifting the maritime blockade and opening the Strait of Hormuz, while experts indicate that any agreement will require time and intensive efforts. U.S. oil inventories also decreased by 3 million barrels, despite expectations of a larger drop, amid concerns over potential diesel export restrictions and a 90-day export ban. Meanwhile, attention remains on how recent disruptions and diplomatic negotiations are impacting global oil markets.

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