“Brent crude drops below $100 as markets weigh Iran talks Global oil prices fell sharply as uncertainty surrounding a potential agreement between Washington and Tehran heightened concerns about the economic impact of continued disruptions to shipping through the Strait of Hormuz. Brent crude futures dropped $4.64, or 4.48 percent, to $98.90 a barrel by 22:03 GMT. US West Texas Intermediate crude also declined, falling $4.42, or 4.58 percent, to $92.18 a barrel. Traders have been closely monitoring negotiations between the United States and Iran, with concerns that prolonged uncertainty could weigh on global growth and energy markets.
Original story
Continue reading at Middle East Eye
www.middleeasteye.net
Summary generated from the RSS feed of Middle East Eye. All article rights belong to the original publisher. Click through to read the full piece on www.middleeasteye.net.