Brent Holds Above $102 as Iran Talks Stall Over Hormuz Conditions | HappeningNow.news

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Brent Holds Above $102 as Iran Talks Stall Over Hormuz Conditions

Oil dipped on signs of peace talks, but Iran's Hormuz demands and Trump's UN threats keep Brent above $100 and up 60% this year.

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Brent crude remained above $102 as talks with Iran stalled over conditions in the Hormuz Strait. Earlier gains in the week were partially erased by a dip in crude prices, which occurred amid reports of mutual willingness for peace in the Middle East. Despite the dip, oil benchmarks stayed elevated.

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