Oil dips amid US-Iran mediation
Oil prices fell today, Tuesday, as markets assessed efforts at mediation between the United States and Iran. Mediators proposed a 10-day ceasefire to salvage the preliminary agreement signed on June 17, 2026, with the aim of paving the way for a permanent deal to end the war that began in the Gulf on February 28, 2026, following American-Israeli strikes on Iran. WTI crude futures declined by 0.88%, reaching $82.50 per barrel, while Brent crude fell by 0.85% to $88.46 per barrel.
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