Brent crude futures fell $1.22, or 1.29%, to $93.17 by 0035 GMT, while U.S. West Texas Intermediate crude was at $85.86 a barrel, down $1.20, or 1.38%.
Brent crude futures fell $1.22, or 1.29%, to $93.17 by 0035 GMT, while U.S. West Texas Intermediate crude was at $85.86 a barrel, down $1.20, or 1.38%. Both contracts posted their second weekly gains last week, up more than 5%, as peace talks between the U.S. and Iran hit a stale…
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Iranian Foreign Minister Abbas Araghchi stated that an Iranian delegation led by a deputy foreign minister visited Qatar to continue consultations with Qatari mediators. He reported that these talks aim to address the opening of the Strait of Hormuz, following visits by the Qatari mediators to Tehran in recent weeks.
Iran stated it could reopen the Strait of Hormuz in a shorter period if conditions are met, while US President Trump said the US still has targets to "take care of." These statements occurred amid reports that Iran and the US are exploring diplomacy despite rising threats of war.
Trump stated that the latest US-Iran talks are "going fine." Iranian leaders reported that they favor diplomacy but are prepared to respond to US attacks.
Kremlin aide Yury Ushakov stated that ill-wishers failed to derail the Russia-Africa Summit. He also reported that some delegations encountered difficulties while traveling to Moscow.