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Oil slips as Iran talks loom and Middle East truce extended

1 min read
Source: CNBC
Oil slips as Iran talks loom and Middle East truce extended
Photo: CNBC
TL;DR

Oil prices fell after reports that Iranian Foreign Minister Araghchi will travel to Pakistan for peace talks, with Brent down to about $104.63 and WTI near $94.75 as Israel and Lebanon extended their truce by three weeks. The ongoing closure of the Hormuz Strait keeps energy-security concerns front and center, with analysts warning the disruption could raise costs and pressure political concessions, while the IEA warns of a looming energy-security crisis amid these tensions.

Topics:worldenergy#brent-crude#energy#iran-us-tension#middle-east-conflict#oil-prices#wti-crude
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  1. Oil prices fall on report Iran foreign minister to arrive in Pakistan for peace talks  CNBC
  2. Live updates: Iran sending delegation to Pakistan for talks, sources say  CNN
  3. Iranian FM Araghchi to visit Pakistan in step towards US talks resumption  Al Jazeera
  4. Iran's foreign minister to head to Islamabad, venue of US talks  Reuters
  5. Iran Chief Diplomat to Visit Pakistan as Trump Talks Up Blockade  Bloomberg.com

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