Oil Prices Slip as US-Iran Talks Raise Hopes for Diplomatic Breakthrough
Oil prices fell about 1% as markets weighed potential US-Iran diplomatic progress against fears of Houthi attacks on Saudi Arabia, threatening supply. Brent futures dropped to $105.46 a barrel, while WTI fell to $93.56. Despite Friday’s decline, Brent saw a weekly rise of 2%, contrasting WTI’s 7% drop.