Oil price falls as Trump talks up Iran peace negotiations
Oil prices have fallen after US President Donald Trump said negotiations to end the war with Iran were progressing. Brent crude fell by 5% to just under $100 a barrel on Wednesday, despite Iranian officials dismissing claims of such talks as 'fake news'.
Oil prices fell after US President Donald Trump said negotiations to end the war with Iran were happening. Brent crude fell by 5% to just under $100 a barrel on Wednesday. Iran said 'non-hostile' vessels could pass through the Strait of Hormuz. The US has reportedly handed over a 15-point plan to Iran, including demands for the Strait to be opened as a free maritime zone. In response, Iran said ships could have safe passage if they coordinate with authorities and comply with safety regulations. The conflict has caused energy prices to soar, with oil prices remaining high despite the latest falls.
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