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Commodities

WTI Prices Consolidate Near One-Week Low Amid US-Iran Talks

Guavy AI Editorial Team
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Oil
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West Texas Intermediate (WTI) crude oil prices consolidated near their one-week low of $81.00 as traders wait for further developments in US-Iran talks.

The pause in military strikes against Iran has raised hopes of normalization in Middle East energy flows, which could undermine crude oil prices.

However, analysts at MUFG caution that key risks have not fully dissipated and warn of potential disruptions to global oil supplies through the Strait of Hormuz.

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