Oil prices dip ahead of US-Iran talks
Oil prices slightly declined in early Friday trading as the market awaits developments in negotiations between the United States and Iran in New York, which could lead to ending the conflict through agreements that include reopening the Strait of Hormuz in exchange for lifting Iran's economic sanctions. Brent crude fell 0.69% to $105.85 per barrel, while West Texas Intermediate dropped 0.86% to $93.80, after a week of sharp fluctuations marked by notable price increases on Thursday. The market is currently monitoring diplomatic and military movements to assess their impact on energy supplies and global prices.
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