Oil prices dip as traders weigh US-Iran diplomacy against Middle East supply risks
Oil prices fell in a market unsettled by geopolitical tensions, as traders considered possible diplomatic moves between the United States and Iran. Brent crude slipped 0.74% and WTI dropped 0.89%. Recent attacks by Yemen's Houthis have added to the uncertainty surrounding supply. Mixed signals from U.S. inventory reports also contributed to volatility in crude valuations.
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