Oil Prices Fall as Traders Assess Iran Diplomacy, Saudi Attacks
Oil prices fell as traders weighed fresh regional efforts to ease tensions involving Iran against Houthi attacks on Saudi Arabia and risks to shipping through the Hormuz Strait.
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Oil prices fell as traders weighed fresh regional efforts to ease tensions involving Iran against Houthi attacks on Saudi Arabia and risks to shipping through the Hormuz Strait.
Prospects for a resolution of the US-Israeli weigh on prices
<p><strong>• Pakistan’s army chief, Saudi defence minister, Turkish spymaster meet top Iranian officials<br>• Pezeshkian backs understanding ‘to strengthen unity among Muslim nations’<br>• Saudis say visit aimed at supporting Qatari, Pakistani mediation efforts<br>• Halting Houthi attacks, reopening Hormuz among main concerns</strong></p> <p>ISLAMABAD: Iran
Saudi Arabia, Turkey and Pakistan made a rare joint visit to Tehran amid reports that the U.S. and Israel were drawing up plans to renew their attacks on Iran.
Iran says indirect negotiations with the U.S. continue but rules out bending to Trump's demands, even if he orders new strikes.
From tariff turmoil and stock shocks to market meltdowns, the global financial system has never been in such flux. Manus Cranny, The National's geo-economics editor, cuts through the noise and presents insights from the stories making headlines around the world.
Oil prices fell as traders considered diplomatic efforts to ease U.S.-Iran hostilities, while further Houthi attacks on Saudi Arabia kept concerns about Middle East supply risks alive.
Trump has suggested that U.S. strikes on Iran could resume after the Nov. 3 midterm elections and he has sent additional forces to the region.
WASHINGTON, Oct. 24 (Yonhap) -- The upcoming U.S. midterm elections are unlikely...
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