Oil falls ahead of Iran-U.S. talks
Oil prices declined today, Tuesday, amid expectations of possible talks between the United States and Iran in Doha, as tensions and disputes escalate over the passage of ships through the Strait of Hormuz. The price of August Brent crude fell by 1.03% to reach $72.40 per barrel, while West Texas Intermediate also dropped to $70.32. Despite the recent escalation, oil exports from Middle Eastern producers continued normally, and it remains unclear whether the talks will lead to changes in the shipping situation through the strait.
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