Crude oil prices experienced a decline on Thursday as market participants evaluated ongoing diplomatic initiatives intended to prevent potential US military intervention in Iran. Brent crude fell to $114.10 per barrel, following a previous session gain of over one percent, while West Texas Intermediate traded above $101 per barrel. Reports indicated that US Vice President JD Vance communicated with Iran’s National Security Council chief, Mohsen Rezaei, in an attempt to restart negotiations. President Donald Trump clarified that he did not personally authorize this outreach, noting that he merely permitted the Vice President to assist with requests for medical supplies and other humanitarian items. Traders remain cautious as they monitor these developments for signs of de-escalation in regional tensions.
Source : The National
Photo : The National
