Oil Prices Drop to $94 Amid Iran's $8 Billion Hormuz Deal Talks in Washington

Oil prices have declined sharply, with Brent crude falling 3.6% to $94 following a significant 16% drop last week. This decrease coincides with Qatar's prime minister presenting an $8 billion Iranian Hormuz proposal to the White House, indicating ongoing diplomatic and economic developments affecting the oil market.

Originally published by gnews