The Economic Times

Why are oil prices down today, and will Brent futures and US WTI crude prices continue to fall or rise again? Iran-US talks, Strait of Hormuz recovery and US inventory data keep crude market under focus

Oil prices declined as investors watched Iran-US talks, the recovery of shipping through the Strait of Hormuz, and upcoming US inventory data. Brent futures and US WTI crude remained under pressure after recent gains faded. Analysts say supply expectations, inventory trends, and geopolitical developments will decide the next direction of crude prices.