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U.S. crude climbs back above $84 as U.S.-Iran deal hopes fade

U.S. oil moved back over the $84 level after expectations for a U.S.-Iran deal from last week unraveled, as deadlock in the Hormuz negotiations persisted.

Reported · Written up by our desk · Energy

U.S. crude prices are back above $84, CNBC World reports, after earlier optimism about a possible U.S.-Iran deal faded.

The shift comes after last week’s expectations for a deal that would ease tensions around Hormuz dissipated, with the negotiation deadlock deepening.

CNBC World says the move reflects how trading sentiment has changed as the prospect of a U.S.-Iran agreement has weakened.

Latest closeWTI crude $91.10 ▲3.2%

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