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International Business Times
International Business Times
Business

The U.S.-Iran Stalemate Over The Strait Of Hormuz Continues. Oil Prices Are Edging Down Anyway.

Oil the Strait of Hormuz Strait Iran IEA United States
Oil prices are dropping on Wednesday even though the stalemate over the Strait of Hormuz continues.

Oil prices are edging down on Wednesday even though the stalemate over the Strait of Hormuz continues.

Brent crude, the international benchmark, fell 0.83% and stood just above $88 a barrel at 11:26 a.m. ET, while West Texas Intermediate, the U.S. benchmark, dropped more than 1% and clocked in at $82.36 a barrel at the same time.

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