Brent crude fell 1.1% to $114.10 a barrel and WTI dropped 1.3% to $101.45, paring Wednesday's gains as reports of renewed diplomatic efforts eased concerns over supply disruptions
Oil prices declined Thursday as prospects of renewed peace negotiations eased fears of supply disruptions stemming from escalating tensions in the Middle East.
Oil prices fall as hopes of renewed US-Iran peace talks ease supply fears, while Middle East tensions and inflation concerns keep markets on edge.
U.S. Vice President JD Vance sent a letter to the secretary of Iran’s Supreme National Security Council, in an effort to revive peace negotiations, The Wall Street Journal reported.
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