Oil costs slipped modestly on Tuesday, extending the earlier session’s losses, as traders remained cautious amid unsure progress in US-Iran negotiations geared toward restoring crude shipments by the strategic Strait of Hormuz. Brent crude futures declined by 20 cents, or 0.3%, to $77.70 per barrel, whereas US West Texas Intermediate (WTI) eased by 12 cents,…
US Secretary of State Marco Rubio has said that some progress has been made in mediation with Iran, adding that an important development could emerge within the next few days. According to Marco Rubio, there is a possibility that Iran may accept an agreement by Saturday. He said a major announcement could be made either…
• Naqvi lands in Tehran to ‘promote regional peace’, facilitate talks; Dar speaks to Uzbek counterpart• Araghchi says Iran doesn’t belief the US in any respect on account of contradictory messages• Iran’s UN envoy blames Hormuz disruptions on aggressors amid claims of Europe’s request for transit• Putin, UAE president talk about Iran battle in telephone…
