Oil Prices Dip as Iran Reaffirms Nuclear Deal Commitment

Reported about 10 hours ago

Oil futures experienced a slight decline as Iran confirmed its commitment to the nuclear non-proliferation treaty, coinciding with discussions among OPEC+ producers to increase output. Brent crude fell by 49 cents to $68.31 per barrel, and West Texas Intermediate declined by 41 cents to $66.59, influenced by the upcoming U.S. Independence Day holiday. Additionally, the U.S. is preparing to resume nuclear talks with Iran while imposing new sanctions targeting its oil trade.

Source: YAHOO

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