Oil Prices Fall Amid Hopes for US-Iran Diplomatic Solution

Oil prices declined during Tuesday trading.

Amid hopes for a diplomatic solution.

Between the United States and Iran.

Despite stricter measures on Iranian shipping.

US WTI crude fell.

To $96.91 per barrel.

Dropping by more than 2%.

Brent crude also declined.

To $97.49 per barrel.

Down by 1.88%.

Markets are assessing impacts.

Of blockade and negotiations.