Oil Drops on Signs of US Diplomatic Push to End War With Iran
(Bloomberg) -- Oil fell on signals that a US diplomatic push to try to end the war with Iran may be gathering pace, eclipsing news of more troops being sent to the region and the Strait of Hormuz remaining mainly shut. Brent sank as much as 7% to near $97 a barrel, while West Texas Intermediate was near $87. Israel’s Channel 12 said Washington was seeking a one-month ceasefire for talks. Separately, the New York Times reported the US sent Iran a 15-point plan to end the conflict, citing official
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