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The Economic Times

Business

Oil prices fall 1% as investors weigh pause in US strikes on Iran

United States Oil IG Iran Asia Middle East

Oil prices fell 1% on Tuesday as market participants continued to weigh a pause in U.S. strikes on Iran, which ‌has raised ⁠hope of ⁠a diplomatic solution to their conflict and the normalisation of Middle East energy flows.

Brent crude futures were down $0.54, or 0.6%, at $87.82 by 0046 GMT. U.S. West Texas Intermediate crude was at $81.95 a barrel, down $0.66, or 0.8%.

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