Oil Trims Losses, With Middle East Diplomatic Efforts in Focus -- Market Talk

Dow Jones03-26 00:03

1603 GMT - Oil prices trim earlier losses after reports that Iran has rejected a U.S. proposal to end the war, but remain pressured by diplomatic efforts in the Middle East. Tehran "responded negatively" to the U.S. proposal to end the war and set out its conditions for any ceasefire--including recognition of Iranian sovereignty over the Strait of Hormuz and financial compensation for damages caused by the conflict--according to Iran's state broadcaster Press TV. However, mediators from Turkey, Egypt and Pakistan are pushing for a meeting between U.S. and Iranian officials. According to the head of the International Atomic Energy Agency, negotiations could start in Pakistan as early as this weekend. Brent crude falls 2.9% to $97.36 a barrel, while WTI is down 2.3% to $87.69 a barrel. (giulia.petroni@wsj.com)

 

(END) Dow Jones Newswires

March 25, 2026 12:03 ET (16:03 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment