22 Hrs
Source:
الاقتصادية
Oil declines 4% on peace prospects
Oil prices declined by more than 4%, amid increasing reports about the possibility of reaching a peace agreement between the United States and Iran, which would include reopening the Strait of Hormuz and lifting the oil sanctions on Iran. These news reports caused West Texas Intermediate crude to drop to $84.06 per barrel and Brent crude to $86.88, with declines continuing in recent sessions. At the same time, officials indicated that negotiations are still ongoing and no final agreement has been reached yet.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)