⛽ Oil dips as Iran keeps diplomacy alive
Oil prices edged lower on Thursday after earlier gains, as investors observed Iran's continued openness to diplomacy with the US. Brent crude was trading at $102.53 per barrel, down 0.54%, while WTI was at $91.87 per barrel at 7:30 am IST. This followed prices dropping below $100 a barrel on Wednesday due to Saudi Arabia restoring crude supplies. A senior Iranian official confirmed Tehran is reviewing Washington's peace proposals, which include lifting a naval blockade. Future developments include monitoring potential US restrictions on diesel exports. ⛽