Oil prices slide 2% as US-Iran seek path out of war, Saudi supply fears persist
Oil prices dropped by more than 2% amid the initiation of US-Iran truce talks, alongside escalating worries about Saudi oil supply. Brent crude fell to $104.30 a barrel, while West Texas Intermediate decreased to $92.41. With negotiators examining the reopening of the Strait of Hormuz for sanction relief on Iran, the situation remains tense.
Exact coordinates
texas: 31.970, -99.900
iran: 32.430, 53.690
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