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Oil Sinks to $94 as Iran’s $8 Billion Hormuz Deal Heads to Trump

Brent crude fell 3.6% to $94.00 per barrel on Monday as Qatar’s prime minister headed to the White House with an Iranian proposal for an interim deal to reopen the Strait of Hormuz.

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Brent crude fell 3.6% to $94.00 per barrel on Monday as Qatar’s prime minister headed to the White House with an Iranian proposal for an interim deal to reopen the Strait of Hormuz. WTI dropped 3% to $88.09, and U.S. natural gas rose 0.8% to $3.02/MMBtu as of 7:26 a.m. ET.

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Oil Sinks to $94 as Iran’s $8 Billion Hormuz Deal Heads to Trump

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