Oil prices slipped on Thursday as talks between Iran and Oman fueled hopes for a US-Iran peace deal. This was reported by Qazaqyia.kz citing Reuters.
The meeting between Iranian and Omani officials drew the attention of market investors, as such negotiations could lead to a easing of US sanctions against Iran. This could increase supply on the oil market and push prices down.
According to analysts, if a deal is reached between the US and Iran, it could have a significant impact on the global oil market. An increase in Iranian oil exports could boost global supply and further lower prices.
However, it is important to note that the talks are still in their early stages and it will take time to achieve concrete results. Market participants are closely monitoring the situation.