1. Oil prices dip on peace hopes, but Saudi attacks keep supply risks high

Oil prices dip on peace hopes, but Saudi attacks keep supply risks high

World

  • Brent crude fell 1.28% to $115.23 a barrel, while US crude dropped 1.7% to $101.51.
  • Hopes of US-Iran peace talks eased fears of further military action in the Middle East.
  • Houthi attacks on Saudi oil infrastructure raised concerns about disruptions to global crude supplies.
  • Risks around the Strait of Hormuz remain high, keeping the outlook for oil prices uncertain.

Source: hindustantimes.com

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