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الاقتصادية
Oil drops as US-Iran talks continue
Oil prices dropped sharply today, Tuesday, after the United States announced talks with Iran aimed at ending the conflict in the Middle East, with hostilities between the two sides coming to a halt. Brent crude fell to around $87 per barrel, recording an 8.7% loss yesterday—its biggest decline in more than three months—while West Texas Intermediate (WTI) traded near $81. Meanwhile, U.S. President Donald Trump decided to suspend American strikes to give negotiations a chance, believing there is a “good opportunity” to make progress, despite ongoing tensions and weak tanker movements through the Strait of Hormuz. Efforts to resume oil shipments through the strait continue amid discussions between Tehran and Oman, in an attempt to restore crucial oil flows to the global market and ease supply disruptions.
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