Oil declines amid Iran tensions
Oil prices declined today, Friday, completing their weekly losses despite ongoing tensions in Iran. Brent crude fell by 0.3% to $89.45, while West Texas Intermediate dropped by 0.3% to $83.31. This decline was driven by the Trump administration's hesitation to revive the previous Iran deal and increasing diplomatic complexities. Additionally, geopolitical tensions escalated after Moscow threatened to strike British military targets in Ukraine in response to Kyiv's missile attacks using weapons supplied by Britain. Meanwhile, Trump downplayed the likelihood of a Russian attack on NATO member countries.
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