Oil prices decline after diplomatic push in Iran war

The National ·
Economy Markets Global
United Arab Emirates

Oil prices declined on Thursday as traders assessed new diplomatic efforts in the Middle East, aimed at averting potential US military action against Iran . Brent, the benchmark for two thirds of the world’s oil, slipped to $114.10 a barrel at 7.48am UAE time, after gaining more than 1 per cent in the previous session. West Texas Intermediate, the gauge that tracks US crude, was trading above…

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