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Oil Prices Slip Below 95 for Second Day as U S Iran Talks Spark Hope
Economy
Published on 24 April 2026
Negotiations may resume soon, threatening the supply shock
Crude oil slid for a second straight day, dropping below $95 as traders bet that renewed U.S.-Iran talks could ease Middle East supply risks. The market’s optimism follows concerns tied to the Strait of Hormuz closure and Donald Trump’s signal that negotiations could restart, raising hopes that crude flows may normalize soon.
- Crude oil fell for the second consecutive day below $95
- Renewed U.S.-Iran talks are boosting expectations of eased supply disruptions
- Strait of Hormuz closure fears have helped drive volatility
- Trump’s hints about negotiations fueled the rally in risk relief
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times