Oil Settles 1% Higher as Hopes of Renewed US-Iran Negotiations Offset Houthi Threat

By Arathy Somasekhar Mediators propose 10-day ceasefire to revive Iran-U.S. interim deal, says Iranian official Brent and WTI benchmarks earlier hit more than one-month highs Iran’s Guards say two oil tankers immobilised in Strait of Hormuz Houthis say they are imposing a naval blockade on Saudi Arabia HOUSTON, July 20 (Reuters) – Oil prices settled … Read more