Oil edge lower as fragile Iran ceasefire extension clouds outlook
Lucian Nemoiu
Oil prices edged lower on Wednesday as uncertainty lingered over the trajectory of the U.S.–Iran conflict, after President Donald Trump extended a fragile ceasefire with Tehran but signaled tensions remain far from resolved. International benchmark Brent crude and U.S. West Texas Intermediate futures both slid, with Brent declining 0.68% to $97.81 per barrel while the WTI lost 0.29% to $89.04 per barrel. The moves come after Trump said the U.S. would prolong its temporary truce with Iran beyond
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