Brent crude falls over 2.5% on US-Iran memorandum progress reports

Brent crude fell over 2.5% to around $91 per barrel after Pakistan announced 'significant progress' in talks to reinstate the US-Iran memorandum of understanding, while conflicting signals from Tehran and Washington over the Strait of Hormuz kept prices volatile. Brent traded around $91.66 and US crude at $85.67 amid the uncertainty.

Detected & updated continuously · Source: Nebula

Story subjects

Oil - Brent (BNO)IranUnited StatesPakistan

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