Oil dips below $90 amid US Iran talks
Oil prices have declined slightly, with Brent crude reaching $88.87 per barrel and WTI at $82.47, amid developments including mediation efforts between the United States and Iran, as well as the Houthis threatening to impose a naval blockade on Saudi Arabia. Reports indicate that the Houthis are threatening to cut supplies, increasing the risk of disruption to global oil supplies. Meanwhile, Iran has received an offer for a temporary ceasefire of 10 days in an attempt to save a permanent agreement to end the ongoing war since February, following repeated American strikes in the region. It is expected that U.S. crude oil and gasoline inventories decreased last week, according to a Reuters survey.
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