empty
 
 

09.07.202623:45:20UTC+00Oil Steadies as US-Iran Talks Continue

Crude oil steadied near $72 per barrel on Friday after falling about 2% in the previous session, as reports signaled that the US and Iran would continue peace talks despite a recent escalation in hostilities that disrupted energy shipments through the Strait of Hormuz. Even so, US benchmark WTI remained on course for a weekly gain of more than 4% after US forces launched strikes on targets in Iran over two consecutive days in response to recent attacks on vessels in Hormuz, prompting retaliatory strikes by Tehran on US bases across the region. President Donald Trump also cast doubt on the interim peace agreement in light of the renewed fighting, declaring that the deal was over. Shipping traffic through Hormuz slowed sharply this week, and markets are watching closely to see whether transit activity returns to normal. The strategic waterway remains a central flashpoint in ongoing US-Iran negotiations.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback