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Oil dips on US-Iran talks outlook
Oil prices declined during Tuesday's trading as investors awaited potential talks between the United States and Iran in Doha, amid ongoing uncertainty regarding the de-escalation between the sides. The August Brent crude fell by 0.9% to $72.51 per barrel, while West Texas Intermediate (WTI) dipped by 0.6% to $70.36, marking monthly losses of approximately $20 and $17 respectively — their lowest levels since the onset of the war last February. The situation remains unclear regarding the resumption of navigation through the Strait of Hormuz, but markets are still anticipating potential positive developments.
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