Oil prices eased as hopes for de-escalation in US-Iran tensions emerged, with Iran suggesting passage through the Omani side of the Strait of Hormuz if an agreement is reached. Despite optimism for diplomatic progress, the US warned of increased economic pressure if Iran remains defiant, while waivers for Iranian oil purchases will not be extended. Oil prices eased as hopes for de-escalation in US-Iran tensions emerged, with Iran suggesting passage through the Omani side of the Strait of Hormuz if an agreement is reached. Despite optimism for diplomatic progress, the US warned of increased economic pressure if Iran remains defiant, while waivers for Iranian oil purchases will not be extended.
Trending
- India’s longest funicular railway: A once-in-a-lifetime travel experience
- Mark Zuckerberg may have succeeded in his full-scale raid on Mira Murati’s startup
- TCS Nashik office staff told to work from home amid religious conversion, harassment claims
- Expanding permanent category with veto critical to real reform of UNSC: India
- Price prediction: Will gold head to Rs 1.65 lakh/10g & silver rise to Rs 2.80 lakh/kg?
- Women’s Reservation Bill: How numbers stack up in Lok Sabha and what delimitation could change
- Google AI CEO on why he refused to move to Silicon Valley from London
- 60-second study trick that really works for kids, improves memory
Oil price today: Crude dips to $90 amid hopes of Middle East de escalation
By
Add A Comment