Oil prices slip as Iran and Qatar trade proposals
Brent crude fell to 114.40 dollars a barrel in early Asian trading, after gaining more than 1 percent the previous session. US WTI crude dropped 1 percent to 102 dollars a barrel. Iranian Foreign Minister Abbas Araghchi said Tehran remained open to negotiations. Qatari mediators presented Iran with a new draft proposal to end the war, which a senior Iranian official rejected, according to an official briefed on the talks.
Key facts
- The Saudi-led coalition said it destroyed a ballistic missile fired by the Houthis toward Saudi Arabia's eastern region.
- Yemeni government forces said the Houthis attacked Aden airport on Wednesday.
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Why it matters
Oil prices remain tied to the conflict and any prospect of a negotiated end to it.
What changed
First published from OilPrice.com, CNA and The Economic Times