Iran Extends an Olive Branch as Two Oil Shorts Retreat

BlockBeats News, July 20th - Today, the spokesperson of the Iranian Ministry of Foreign Affairs stated that negotiations with the United States can be conducted based on national interest. A glimmer of hope for Middle East peace.

Perhaps influenced by this news, WTI Crude Oil and Brent Crude Oil retreated. According to Bitget market data, the intraday gains for both oils have narrowed to about 1%, now trading at $83.16 per barrel and $87.63 per barrel, respectively.