Oil dips slightly amid U.S.-Iran talks
Oil prices rose slightly today, with Brent crude climbing to $84.39 and West Texas gas to $80.95 after sharp declines that brought them to their lowest levels in weeks. The declines were driven by ongoing uncertainty in US-Iran talks and Trump’s postponement of attacks on Iran. Tensions in the Strait of Hormuz, Houthi threats around the Gulf of Aden, and shipping security remain the main risks affecting oil supplies, amid decreasing prospects for a diplomatic solution to the US-Iran crisis.
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