Oil Prices Stabilize Amid Potential US-Iran Peace Talks
Crude prices fell on Tuesday as investors focused on upcoming talks between the U.S. and Iran. Brent dipped to $95.30 following a surge in previous sessions.
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Oil prices retreated on Tuesday as market participants awaited news regarding potential diplomatic negotiations between the United States and Iran. Brent Crude Oil futures fell by 18 cents to $95.30 a barrel, while West Texas Intermediate (WTI) for May delivery slipped 30 cents to $89.31. This price correction follows a volatile Monday session where prices surged over 5% following the closure of the Strait of Hormuz and the seizure of an Iranian vessel.
