Brent crude dropped 2.9% to $104.52 as Gulf states prepare to meet Iran's foreign minister, while Saudi Arabia faces Houthi threats to its Red Sea pipeline and receives only limited U.S. support.
Oil Prices Fall as Gulf-Iran Talks Raise Hopes for Hormuz Deal
Brent crude dropped 2.9% to $104.52 as Gulf states prepare to meet Iran's foreign minister, while Saudi Arabia faces Houthi threats to its Red Sea pipeline and receives only limited U.S. support.
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