Oil Prices Fall Amid Potential Easing of U.S.-Iran Tensions

Oil prices fell on Tuesday for the second consecutive day as market participants assessed the likelihood of easing tensions between the United States and Iran, while a strong U.S. dollar also weighed on prices.اضافة اعلان

Brent crude futures dropped 39 cents, or 0.5%, to $65.91 per barrel at 03:30 GMT. U.S. West Texas Intermediate (WTI) crude fell 31 cents, or 0.5%, to $61.83 per barrel.

Oil prices had declined more than 4% on Monday after U.S. President Donald Trump said Iran is “talking seriously” with Washington, indicating a potential de-escalation with the OPEC member state.

Iranian and U.S. officials told Reuters on Monday that nuclear talks between the two sides are expected to resume on Friday in Turkey. Trump also warned that deploying major U.S. warships to Iran could lead to negative consequences if an agreement is not reached.

Source: Reuters