U.S. crude oil fell sharply for the week after Iran and the United States held discussions on the sidelines of the U.N. General Assembly in New York, reviving hopes of a diplomatic opening around the Strait of Hormuz. West Texas Intermediate ended Friday lower, while Brent also declined, as traders weighed Tehran's proposal to reopen the vital shipping lane under a temporary peace arrangement.
U.S. Crude Slides Nearly 8% for the Week as Tehran Signals Hormuz Talks at the U.N.
R
RDU Global Correspondent
Commodities & FX Desk
New York City, United States 11h ago•4 min read
U.S. crude oil fell sharply for the week after Iran and the United States held discussions on the sidelines of the U.N. General Assembly in New York, reviving hopes of a diplomatic opening around the Strait of Hormuz. West Texas Intermediate ended Friday lower, while Brent also declined, as traders weighed Tehran's proposal to reopen the vital shipping lane under a temporary peace arrangement.
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