WTI oil rally slows as Iran hints at potential diplomacy

4 sourcesFirst reported 1 day agoUpdated 17 hours ago

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Oil prices have decreased as mediation efforts between the U.S. and Iran are being reported.
Brent crude futures fell by 96 cents to approximately $90 per barrel, while West Texas Intermediate was around $81.30, down 0.54%.
The recent decline comes amid ongoing geopolitical tensions, including threats of a naval blockade by Yemen’s Houthis.
Despite the drop, prices remain elevated compared to previous months, partly due to investor profit-taking.
Market participants continue to monitor the situation for further developments in U.S.-Iran relations.

4 sources

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Financial MirrorFirst

Proto Thema+1h

newsit.gr+13h

Cyprus Mail+16h

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Financial Mirror

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