Oil prices decreased on Friday. The United States announced new sanctions related to Iran. This diplomatic move raised hopes for a possible agreement. Earlier, President Trump mentioned he might decide on U.S. involvement in the Israel-Iran conflict within two weeks. Brent crude futures and U.S. West Texas Intermediate crude both experienced declines. The market is watching for potential supply disruptions.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets