Oil Slips With Fresh Iran Deal Hopes, Hormuz Watch Back in Focus
Oil prices slid about 4% Wednesday as Iranian state TV reported it had seen a draft U.S.-Iran deal aimed at ending fighting and reopening the Strait of Hormuz. Global benchmark Brent dropped $3.94 to $95.59 a barrel at 12:36 GMT. U.S. WTI crude was down $3.97 at $88.91.
