Oil Prices Dip After Iran’s Nuclear Promise
West Texas Intermediate slid 0.2% to $66.84 per barrel, while Brent Crude Futuré fell 0.4%, settling at $68.55 per barrel.
On Thursday, Iran’s foreign minister Abbas Araghchi posted on X (formerly Twitter) that Tehran “remains committed to the NPT and its Safeguards Agreement.” A clear nod to keeping the world’s radioactive puzzle tidy.
- Susannah Streeter, head of money and markets at Hargreaves Lansdown, noted: “Oil hasn’t moved much, because traders are holding their breath for the OPEC+ meeting.”
- Analysts predict potential production increases could stir the market like a shaken bottle.
Oil traders are currently on edge, standing by the world’s most valuable liquid, waiting for the next big slip or slide. The next move could be the difference between a stable market and a wild ride—so buckle up, folks!
