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LoginOil Prices Dip Slightly in Futures Contracts ahead of US President's Iran Deadline
London, April 7 (QNA) - Brent crude futures fell on Tuesday, while West Texas Intermediate (WTI) crude rose, heading for its highest settlement level since 2022, ahead of the deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz or face attacks on power plants and other infrastructure.
Brent crude futures fell 29 cents, or 0.3 percent, to $109.48 a barrel by 4:00 GMT, while US WTI crude rose $2.58 to $114.99.
The Israeli-US war on Iran on February 28 disrupted the flow of at least 12 million barrels per day, or about 12 percent of global supply, from the Middle East after Iran effectively closed the Strait of Hormuz. (QNA)
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