Oil prices slips as Iran-US ceasefire extension talks ease Hormuz disruption fears
NEW DELHI: Global oil prices slipped around 1% on Friday morning after reports that Iran and the US have agreed to extend their fragile ceasefire, easing immediate supply disruption fears.
A report by American news website Axios on Thursday said US and Iranian negotiators have reached a 60-day memorandum of understanding (MoU) to extend the ceasefire and open talks on Iran’s nuclear programme, though US President Donald Trump has not yet given final approval.
