Oil prices fall after Iran supreme leader and top security official discuss conditions to end war
Renewed diplomatic efforts to end the U.S.-Israeli war with Iran pushed oil prices lower
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Renewed diplomatic efforts to end the U.S.-Israeli war with Iran pushed oil prices lower
Developments in the Middle East remain in focus, with attacks on commercial ships transiting the Strait of Hormuz escalating in recent weeks.
Oil fell Thursday, as traders assessed attacks on ships passing through Hormuz, while digesting the International Energy Agency's latest monthly report.
Worries over supply disruptions due to escalating tensions in the Middle East helped to push oil prices higher.
The U.S. is reportedly sending a third aircraft carrier strike group to the Middle East, as Trump weighs resuming bombing Iran after the midterms.
Iranian and U.S. officials reportedly met separately with mediators Monday to push for a ceasefire, as Middle Eastern crude exports rebounded to war-time high.
Oil fell Monday, as traders keep watch for a recovery in shipments from Saudi Arabia, even as Mideast tensions continue to escalate.
French President Emmanuel Macron is meeting leaders of France’s political parties at the Elysée on Friday for talks on the wars in the Middle East and Ukraine and the consequences for the country’s security and energy amid soaring fuel prices.