Oil prices decline on Iran talk proposal but hold gains
Oil prices fell Friday as Iran proposed talks with the United States. Benchmarks remain on track for weekly gains despite the dip as regional tensions persist.
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Brent Crude Oil fell 0.4% to $109.96 on Friday midday as Iran reportedly proposed new negotiations with the United States. Despite the daily drop, Brent remains on track for a 4.5% weekly gain following persistent supply disruptions. Investors are weighing potential diplomatic de-escalation against a blockade that currently halts 20% of global oil and gas supply.
