Oil drops ahead of Iran Doha talks

Oil prices fell today, Tuesday, as traders awaited the results of the Doha talks between Iran and the United States, amid rising tensions and exchanges of attacks in the Strait of Hormuz. August Brent crude decreased by 1.03% to $72.40, while West Texas Intermediate (WTI) dropped by 0.66% to $70.32, with transit flows through the strait remaining abnormal. Iran announced the start of discussions with Oman to redefine transit routes through the Strait of Hormuz, while the Iranian Foreign Ministry spokesperson confirmed that there are no negotiations with the United States in the near future.

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