Oil prices today: Crude slips as markets weigh US-Iran talks, ceasefire extension

 Oil prices dipped Wednesday after an initial Asian surge, as traders weighed US-Iran peace talk uncertainties following Washington’s ceasefire extension. Disruptions in the Strait of Hormuz continue to fuel market anxiety. Geopolitical developments, including potential pipeline issues and upcoming US inventory data, are also influencing price movements, suggesting continued volatility. Oil prices dipped Wednesday after an initial Asian surge, as traders weighed US-Iran peace talk uncertainties following Washington’s ceasefire extension. Disruptions in the Strait of Hormuz continue to fuel market anxiety. Geopolitical developments, including potential pipeline issues and upcoming US inventory data, are also influencing price movements, suggesting continued volatility.