Oil drops for third day after US-Iran talks
Oil prices continued their decline for the third consecutive day, falling by approximately 1% today, Thursday, after Qatar announced that indirect talks between Iran and the United States made progress. The focus was on the Strait of Hormuz, through which one-fifth of the world's oil supplies used to pass before the war. However, there were no signs of progress towards lasting peace, as Brent crude dropped to $70.80 per barrel and West Texas Intermediate to $67.74, after having decreased by more than 1% in the previous session.
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