{"id":583516,"date":"2023-06-09T12:04:29","date_gmt":"2023-06-09T06:34:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=583516"},"modified":"2023-06-09T12:04:29","modified_gmt":"2023-06-09T06:34:29","slug":"oil-falls-on-potential-iran-deal-weak-demand-prospects","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-falls-on-potential-iran-deal-weak-demand-prospects\/","title":{"rendered":"Oil falls on potential Iran deal, weak demand prospects"},"content":{"rendered":"<p>Oil prices fell $3 a barrel on Thursday as demand weakness and a report the U.S. and Iran may be approaching a deal on oil exports outweighed expectations of tighter Saudi supply and a potential pause to U.S. interest rate hikes.<\/p>\n<p>Oil fell on a news report, citing sources, that Iran and the U.S. are nearing a temporary deal that would trade some sanctions relief in exchange for reducing Iran&#8217;s uranium enrichment.<\/p>\n<p>Brent crude was down $2.20, or 2.86%, at $74.64 a barrel by 11:44 a.m. EDT (1544 GMT), having earlier dropped as much as $3. U.S. West Texas Intermediate crude fell by $2.40, or 3.3%, to $70.12.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil prices fell $3 a barrel on Thursday as demand weakness and a report the U.S. and Iran may be approaching a deal on oil exports outweighed expectations of tighter Saudi supply and a potential pause to U.S. interest rate hikes. Oil fell on a news report, citing sources, that Iran and the U.S. are nearing a temporary deal that would trade some sanctions relief in exchange for reducing Iran&#8217;s uranium enrichment. Brent crude was down $2.20, or 2.86%, at $74.64 a barrel by 11:44 a.m. EDT (1544 GMT), having earlier dropped as much as $3. U.S. West Texas Intermediate [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-583516","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=583516"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/583516\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=583516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=583516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=583516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}