Oil Prices Slip As Iran Signals Diplomacy

Economic Times Markets · stocks

Crude oil prices fell on Thursday after a previous session's surge, as Iran indicated openness to diplomacy. Brent crude futures dropped to $102.13 a barrel, and West Texas Intermediate futures declined to $91.56. Indirect talks occurred Tuesday regarding Iran's proposals for lifting a US naval blockade and reopening the Strait of Hormuz. US Secretary of State Marco Rubio noted that reaching a deal would require significant effort over time, while President Trump.