11 Hrs
Source:
المشهد العربي
Oil prices dip amid negotiations and higher exports
Oil prices declined after a temporary rise at the start of the session, following strong gains driven by escalating tensions between Iran and the United States, particularly after Washington rejected Iran's proposal to reopen the Strait of Hormuz. This came amidst a noticeable increase in oil exports from the Middle East in September, reaching the highest level since the escalation of tensions between Washington and Tehran last February. The market is now awaiting potential talks between Iran and intermediary parties to resume the diplomatic negotiations, which is influencing global oil prices.
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