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Oil Prices Ease to $94 as US-Iran Talks Offer Hope but Hormuz Risks Linger

Posted on April 21, 2026
By International Business Times
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1 min read

Oil Prices Ease to $94 as US-Iran Talks Offer Hope but Hormuz Risks Linger

World oil prices slipped modestly Tuesday amid tentative optimism over U.S.-Iran diplomatic efforts, with Brent crude hovering near $94.70 per barrel as traders weighed mixed signals from the Middle East against lingering threats to global energy supplies.