Oil prices dipped Tuesday, reversing Monday’s surge, as hopes for US-Iran peace talks eased supply disruption fears. Despite Iran’s Strait of Hormuz closure and vessel seizure, investors are watching potential ceasefire extensions. However, Tehran’s participation remains uncertain, with supply risks persisting and analysts warning of significant price hikes if talks falter. Oil prices dipped Tuesday, reversing Monday’s surge, as hopes for US-Iran peace talks eased supply disruption fears. Despite Iran’s Strait of Hormuz closure and vessel seizure, investors are watching potential ceasefire extensions. However, Tehran’s participation remains uncertain, with supply risks persisting and analysts warning of significant price hikes if talks falter.
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Oil prices today: Crude falls as upcoming US-Iran talks offsets supply disruption fears
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