Oil prices edge lower amid diplomatic efforts to de-escalate Saudis-Iran tensions

Oil prices fell Tuesday as Saudi Arabia and Iran held direct talks in Tehran to de-escalate regional tensions. Brent crude dropped 77 cents to $115.04 per barrel, while U.S. West Texas Intermediate futures declined 70 cents to $101.06. The diplomatic meeting, attended by officials from Pakistan and Turkey, aimed to address Houthi attacks on Saudi infrastructure and reduce fears of further energy supply disruptions.

Source: Oil prices edge lower amid diplomatic efforts to de-escalate Saudis-Iran tensions — CNBC

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Topics: oil prices · iran · saudi arabia · crude oil · middle east · diplomacy