23 Hrs
Source:
CNN Arabic
Oil dips as US and Iran near deal
Oil prices declined on Friday, with Brent crude falling to $92.21 per barrel and West Texas Intermediate dropping to $87.54. This came amid expectations that a preliminary agreement between Washington and Tehran might be reached to stop the war, potentially leading to the lifting of the blockade on the Strait of Hormuz and ensuring freedom of navigation. According to sources, this agreement could provide a 60-day period to resolve obstacles related to Iran's nuclear stockpile. In the past month, oil prices experienced a significant decrease. The optimism about the possibility of reaching this agreement reflects ongoing risks to the global oil market.
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