Oil Prices Pull Back Amid US-Iran Talks Uncertainty

Oil prices retreated from recent highs as traders sought clarity on complex negotiations between Iran and the U.S., following renewed hostilities that set back efforts to reopen the Strait of Hormuz.

27 May, 05:57 — 27 May, 05:57

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myjoyonlineMixed7d ago

Oil pulls back as traders look for progress on US-Iran talks

Oil prices pulled back from recent highs on Wednesday, erasing some of the previous day's 4% gain as traders sought clarity on complex negotiations between Iran and the U.S. after renewed hostilities set back efforts to reopen the Strait of Hormuz.

By Abubakar Ibrahim

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Oil Prices Pull Back Amid US-Iran Talks Uncertainty

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Oil pulls back as traders look for progress on US-Iran talks

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