Iran’s supreme leader called for conditions to be set out for ending the conflict Tuesday, a political signal that coincided with lower prices for two major oil benchmarks.
His appeal focused on possible terms for ending the war; he did not say hostilities had ended. The latest quoted levels left U.S. crude below Brent, while both remained above $100 a barrel.
EconoTimes previously reported that Middle East supply disruptions had pushed crude prices higher in September. Its account of a brief decline in both benchmarks on Monday listed U.S. crude at $100.20 and Brent at $109.93. Separately, Saudi Arabia backed talks in Tehran aimed at curbing escalation. Saudi Arabia said opening a channel for negotiations was important and described the talks as a way to restrain escalation and pursue an agreement to end the conflict.
