World & BusinessOil reportedly slips as markets weigh U.S.-Iran talks on Hormuz
A market update shared September 25 says WTI fell 1.4% to $93.32 and Brent dropped 1.2% to $105.35 as markets weighed talks on reopening the Strait of Hormuz.
TLDR
A September 25 market update says progress in U.S.-Iran talks could push crude lower, but tight physical supply and the risk of renewed Middle East escalation were limiting the sell-off. Separately, one market observer suggests weak oil and energy stocks may reflect reports attributed to Kepler claiming Hormuz oil flows were stable at 18 million barrels a day—roughly prewar levels.
Oil reportedly slips as markets weigh U.S.-Iran talks on Hormuz
A market update shared September 25 says WTI fell 1.4% to $93.32 and Brent dropped 1.2% to $105.35 as markets weighed talks on reopening the Strait of Hormuz.