Oil Prices Retreat From Six-Month Highs as Iran Mediation Offers Hope but Saudi Attacks Sustain Supply Fears

Oil prices fell on Monday after a strong rally last week, as diplomatic efforts to ease the conflict involving the United States and Iran raised hopes of reduced supply disruptions. Continued Houthi attacks on Saudi Arabia, however, kept traders wary of further escalation and limited expectations of a sustained price decline. Brent crude futures fell […]

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