Oil falls amid US-Iran Doha talks
Oil prices saw a slight decline as expectations grew for potential talks between the United States and Iran in Doha, amid uncertainty about whether they will take place and ongoing military tensions that are affecting energy flows through the Strait of Hormuz. Brent crude oil fell by 0.89% to $72.50 per barrel, while West Texas Intermediate declined by 0.79% to $70.19, after roughly a 22% drop since the end of last month. This comes amid ongoing speculation about the outcome of these talks and the impact of security tensions on global oil markets. Despite conflicting statements from officials, markets continue to anticipate that Gulf oil flows will return to pre-war levels as shipping through the strait gradually recovers.
Notice: This Is an AI-Generated Summary
Comments (0)