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International Business Times
International Business Times
Business
Demian Bio

Oil Prices Muted As U.S.-Iran Talks In Switzerland Get Postponed

Iran Oil Switzerland Hezbollah IDF Tehran United States
Oil prices are muted on Friday amid uncertainty over negotiations between the U.S. and Iran. (Credit: Mario Tama/Getty Images)

Oil prices were largely muted on Friday amid uncertainty over negotiations between the U.S. and Iran to fully cease hostilities and address Tehran's nuclear ambitions.

Brent crude, the international benchmark, climbed 0.49% and clocked in at $80.24 per barrel, while West Texas Intermediate, the U.S. benchmark, dropped 0.25% and stood at $76.41 per barrel.

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