International oil prices fluctuated today and closed lower, mainly due to market concerns about the United Statesiran Hopes for peace talks have eased some concerns about disruptions to oil supplies due to escalating conflicts in the Middle East.
Brent crude oil futures fell 44 cents, or 0.38%, at $114.88 a barrel, Reuters reported.
US West Texas Intermediate crude oil futures fell 78 cents, or 0.76%, to $102 a barrel.
The Wall Street Journal (WSJ) reported yesterday that US Vice President J.D. Vance sent a letter to Iran’s security chiefs in an effort to restart peace talks to avoid another US attack on Iran.
According to reports, people familiar with the matter said the letter was sent to the President of the United Statestrump It was sent in the direction of Donald Trump, who denied it but said he agreed to engage with Iran.
According to Agence France-Presse, Iranian media reported today that the Iranian government has received Van’s letter but has not yet responded.
