Oil prices dip on Iran truce hopes, Houthi attacks on Saudi facilities keep market wary

reuters.com [$] —

Oil prices fell slightly on Friday as markets weighed a potential US-Iran truce against Houthi attacks on Saudi Arabia, following a week of volatility and price spikes. Brent crude dropped 0.82% to $105.73 a barrel, while West Texas Intermediate fell 1.65% to $93.05. The Brent-WTI spread widened to $12.68, its largest since May, reflecting differing regional risk profiles and fears of a US diesel export ban. US and Iranian negotiators are exploring a phased path out of war involving reopening the Strait of Hormuz and lifting the US blockade. Saudi Arabia intercepted six Houthi missiles, underscoring that critical oil assets remain at risk.


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Oil prices dip on Iran truce hopes, Houthi attacks on Saudi facilities keep market wary | News Minimalist