Brent crude slides $16 in eight trading days as Trump revives Iran peace talks

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Brent crude oil prices have dropped by more than $16 per barrel over eight trading days, retreating from above $100 amid renewed US-Iran peace talks. The prospect of easing tensions in the Middle East has alleviated fears of prolonged supply disruptions through the Strait of Hormuz.

Brent crude has fallen by more than $16 per barrel in eight trading sessions, retreating sharply from the $100 level reached during the height of the latest Middle East conflict as signs of renewed peace talks between the United States and Iran eased fears of a prolonged disruption to global oil supplies through the Strait of Hormuz. The post Brent crude slides $16 in eight trading days as Trump revives Iran peace talks appeared first on Nairametrics.