The Daily Star·4 min read·medium
Oil falls on report China pushing for end US-Iran war
R
Reuters
✦AI Summary
Crude oil prices dropped significantly following reports that China is mediating peace talks between the U.S. and Iran. Despite the dip, oil markets remain volatile due to ongoing geopolitical tensions in the Red Sea and the Strait of Hormuz.
Reuters Crude oil futures prices were more than 4 percent lower on Friday after sources said that China had initiated a push to resume stalled peace talks between the United States and Iran, but remained on track for hefty weekly gains.
economyworldbusiness
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