Oil Prices Drop, Gold Rises Amid Hopes for US-Iran Talks
Oil prices fell as investors anticipated potential US-Iran talks, with Brent crude and WTI crude both declining. Gold prices rose, and the US dollar weakened. The US blockade of the Strait of Hormuz has slowed but not halted traffic, with limited vessel movement reported.
Topics: geopolitical tensions gold prices oil prices Strait of Hormuz US-Iran relations