Oil Slips as US-Iran Ceasefire Talks Continue Without Final Peace Deal

Negotiations for a US-Iran ceasefire deal are reportedly nearing completion, aiming to reopen the Strait of Hormuz and prevent global economic disruption from energy shipment issues. Oil prices slipped to a two-week low as talks continued without a final peace deal, with Iran's foreign ministry spokesman hinting at a 'Persian-style' peace on Tehran's terms, while observers await the final outcome to determine who 'won' the talks.