Oil prices: Crude drops below $95 amid US-Iran ceasefire extension speculation
Oil prices dipped Friday as traders reacted to reports of a potential 60-day extension to a US-Iran ceasefire, which could ease restrictions on the Strait of Hormuz. While US Vice President Vance indicated a deal is close, sticking points remain, and renewed tensions on the ground underscore the ceasefire's fragility.
Oil prices dipped Friday as traders reacted to reports of a potential 60-day extension to a US-Iran ceasefire, which could ease restrictions on the Strait of Hormuz. While US Vice President Vance indicated a deal is close, sticking points remain, and renewed tensions on the ground underscore the ceasefire's fragility.
