Oil Extends Drop as More Tankers Cross Hormuz After Peace Talks (opens original article in a new tab)

Oil prices fell as more tankers crossed the Strait of Hormuz, with US and Iran signaling progress in ending the war, though negotiations remain ongoing.

• Oil prices declined as more tankers crossed the Strait of Hormuz with open satellite signals
• US and Iran signaled progress in ending the war, but negotiations are expected to be prolonged
• Brent crude fell toward $76 a barrel, and WTI was below $73