Oil prices settle lower as US sanctions ease fears of escalation in Iran
Cătălin Roșioru
Edition: Singapore Indonesia Asia US/UK HOUSTON :Oil prices settled down on Friday as the U.S. imposed new Iran-related sanctions, marking a diplomatic approach that fed hopes of a negotiated agreement, a day after President Donald Trump said he might take two weeks to decide U.S. involvement in the Israel-Iran conflict. Brent crude futures settled down $1.84, or 2.33 per cent, to $77.01 a barrel. U.S. West Texas Intermediate crude for July - which did not settle on Thursday as it was a U.S.
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