22 Hrs
Source:
الاقتصادية
Oil falls below $80 amid US-Iran talks
Oil prices declined today following a possible breakthrough in peace talks between Washington and Tehran. Brent crude fell below $80 per barrel, while Texas Intermediate reached $76.5. This comes as the parties agreed on a roadmap to finalize an agreement within 60 days and continue technical negotiations. Despite Iran's threats to open fire on the Strait of Hormuz, millions of barrels of oil continued to pass through the waterway. Gulf countries are preparing to increase production after the removal of previous restrictions. These developments are significant for monitoring the prospects of stability in the global oil markets and supplies.
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