403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Oil Prices Sees Modest Declines Amid Talks of Iran Ceasefire
(MENAFN) Global oil prices experienced modest declines as reports emerged regarding potential peace efforts in the conflict involving Iran. Brent crude slipped about 1% to approximately $107 per barrel by 0800 GMT, while West Texas Intermediate (WTI) fell around 2% to $109.
Although prices had started the week with gains, they retreated following news of possible ceasefire discussions between Iran and the United States. According to reports, the US, Iran, and regional mediators are engaged in urgent talks over a potential 45-day truce that could pave the way for a long-term resolution to the conflict.
“The chances of securing even a partial agreement in the next 48 hours are slim, however,” as stated by sources familiar with the negotiations.
Although prices had started the week with gains, they retreated following news of possible ceasefire discussions between Iran and the United States. According to reports, the US, Iran, and regional mediators are engaged in urgent talks over a potential 45-day truce that could pave the way for a long-term resolution to the conflict.
“The chances of securing even a partial agreement in the next 48 hours are slim, however,” as stated by sources familiar with the negotiations.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment