Oil Prices Slip Below USD 80 as Iran-Oman Diplomatic Talks Signal potential Strait of Hormuz Reopening

UNITED STATES – Global crude oil benchmark prices declined, with Brent futures dropping 0.5% to USD 79.08 per barrel and U.S. West Texas Intermediate (WTI) falling 0.7% to USD 74.69 per barrel as progress in Iran-Oman diplomatic talks raised expectations for a potential peace deal to reopen the Strait of Hormuz. 

Click here to read more. 

(Source: Business Today)