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Brent Crude Set for Longest Losing Streak Since June Amid US-Iran Diplomacy

Guavy AI Editorial Team
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Oil prices continue to slide as Brent crude edges toward its longest losing streak since June. The global benchmark has fallen for four consecutive days, weighing in at around $102 a barrel. West Texas Intermediate is slightly higher, trading above $98.

The drop comes amidst diplomatic efforts to resolve the US-Iran conflict and ensure the continued flow of oil through the Strait of Hormuz. President Donald Trump has expressed openness to meeting with Iranian counterpart Masoud Pezeshkian on the sidelines of the UN General Assembly in New York this week.

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