Oil Prices Fall as Iran Signals Openness to Diplomacy
Oil prices retreated after Iran expressed openness to diplomatic efforts to end the conflict with the United States. Brent crude fell to 102.16 dollars a barrel while markets weighed easing geopolitical risks.
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Brent Crude Oil fell 92 cents, or 0.9%, to $102.16 a barrel on Thursday morning after Iran signaled openness to diplomatic talks. The drop follows a 4% surge in the previous session amid ongoing conflict involving the United States.
