Economic TimesLean R·
Oil prices dip as mediation efforts offset US-Iran strikes
Oil prices softened on Tuesday as markets weighed mediation efforts. Fresh attacks between the United States and Iran also influenced market sentiment. Yemen's Houthis threatened a naval blockade of Saudi Arabia, raising energy supply concerns. Diplomatic pushes followed recent strikes and attacks across the region. Oil stockpiles are expected to have fallen last week, with gasoline also declining.
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