Partially reversing yesterday’s surge, crude oil prices have edged lower on Friday even as U.S.-Iran diplomatic talks show no sign of resumption despite serious efforts by intermediaries, providing support to oil prices as U.S. rules out any planned negotiations.
The shift in stance by the U.S. to pressure Iran economically rather than by force dampened the risk premium for crude oil.
WTI Crude Oil for October month delivery was last seen trading down by $0.13 (or 0.16%) at $83.40 per barrel.
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Market Analysis
Crude Oil Dips Even As U.S. Hardens Stance Against Iran Despite Ongoing Mediatory Efforts
2026-08-28 18:39:23
