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Updated 3d ago
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Oil slips after US-Iran conclude talks in Switzerland
Oil prices fell after US-Iran talks concluded in Switzerland with Tehran securing waivers for oil and petrochemical exports, easing supply shortage worries. Brent crude prices dropped to $79.04 a barrel. The Strait of Hormuz was reportedly open, with some sources indicating it had been closed earlier.
What changed
US-Iran talks concluded in Switzerland with an agreement on waivers for Iranian oil and petrochemical exports.
Live updates
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Oil slips after US-Iran conclude talks in Switzerland
confidence 50%Oil prices fell after US-Iran talks concluded in Switzerland with Tehran securing waivers for oil and petrochemical exports, easing supply shortage worries. Brent crude prices dropped to $79.04 a barrel. The Strait of Hormuz was reportedly open, with some sources indicating it had been closed earlier.
What's confirmed:
- Oil prices slid on Monday after U.S.-Iran talks concluded in Switzerland with Tehran saying it had secured waivers for oil and petrochemical exports.
- Brent crude fell $1.53, or 1.90%, to $79.04 a barrel by 0656 GMT.
- The Strait of Hormuz was open.
Still unconfirmed:
- Iran has again closed the Strait of Hormuz.