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Oil falls as renewed diplomatic efforts to end Mideast conflict ease supply concerns

Oil prices fell Tuesday as renewed diplomatic efforts to end the U.S.-Iran war raised hopes of de-escalation, even as Iran-backed Houthis kept attacking Saudi Arabia. Brent for December delivery slipped 0.87% to $114.80 a barrel, and WTI for June declined 0.86% to $100.88 per barrel. The decline followed Monday talks in Tehran among Saudi Arabia, Turkey, Pakistan and Iranian officials, and Qatar, which has helped mediate between Washington and Tehran, also sent representatives. Losses were limited because a lasting resolution appeared fragile, and President Trump said he was approaching a decision on whether to strike a deal with Iran or intensify military operations.

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SectorOil & Gas
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Market cap17,349 bn VND
P/E15.6
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