The June contract of WTI crude oil negotiated in New York Mercantile Exchange (Nymex) It ended this Friday (24) with a sharp drop of 1.15%, quoted at US$ 94.40/barrel. On the other hand, the expiry of the same month for the Brent It rose 0.24% in Intercontinental Exchange (ICE)Brazilian crude oil is trading at US$105.33/barrel. In this trading session, marked by high volatility, investors reacted to uncertainties surrounding peace negotiations between the United States and Iran, as cargo passage through the Strait of Hormuz remains paralyzed. International media reports indicate that a new round of negotiations may take place this weekend, possibly in Pakistan. The White House indicated that President Donald Trump will send negotiators to deal directly with Iranian authorities, including Foreign Minister Abbas Araghchi. According to Reuters, the Iranian delegation is already traveling to the Asian country, although there is still no official confirmation from Tehran regarding the meeting. While sources indicate progress in the talks, Iranian authorities signal that there is still no decision on new discussions. Furthermore, rumors about changes in the negotiating team were denied by the Iranian Parliament, maintaining the climate of uncertainty. Amid this confusing information, President Trump also told Reuters that Iran may present a proposal to meet US demands. He did not specify what the proposal would be.
This text was translated by machine from Brazilian Portuguese.