Oil markets swing as Iran hints at possible talks with U.S.
TL;DR
Oil prices were mixed after Iran suggested talks with the U.S. could continue, while U.S. strikes and renewed Strait of Hormuz tensions kept supply risk elevated; Brent traded around $87.77 and WTI near $81.74, gas prices rose to about $4 per gallon, and analysts warned that a sustained Hormuz slowdown could push prices into the triple digits.
- Oil prices erase gains after Iran says U.S. talks could be pursued based on national interests CNBC
- Oil reverses as Iranian comments interpreted as chance for fresh negotiations Reuters
- Brent Oil Price Tops $90 as Middle East Attacks Threaten Strait of Hormuz Flows Bloomberg.com
- Iran suggests MoU ‘suspended’ as 50 killed in US strikes in July Al Jazeera
- Mediators between Iran, US still proposing ideas, Iranian FM spox Baghaei says The Jerusalem Post
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