9 Hrs
Source:
Sharjah24
Oil pauses as US-Iran talks stall
Oil prices show relative stability at the start of the week amid a slowdown in tanker traffic through the Strait of Hormuz, following the failure of talks between the United States and Iran to resolve the conflict in the Middle East. The price of a barrel of Brent crude oil reached $88.72, with a slight increase in futures contracts, while the price of West Texas Intermediate fell to $82.35. This comes after attacks on oil tankers and Aramco refineries, amid uncertainty regarding the resumption of negotiations between the two sides, reflecting ongoing tensions and their impact on global oil markets.
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