Oil Prices Sees Modest Declines Amid Talks of Iran Ceasefire
Although prices had started the week with gains, they retreated following news of possible ceasefire discussions between Iran and the United States. According to reports, the US, Iran, and regional mediators are engaged in urgent talks over a potential 45-day truce that could pave the way for a long-term resolution to the conflict.
“The chances of securing even a partial agreement in the next 48 hours are slim, however,” as stated by sources familiar with the negotiations.
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