Friday, July 25, 2025
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Economy
Less than 1 min.Read

Oil Prices Dip Slightly as Markets Eye U.S.-Iran Talks and Ukraine Ceasefire

By Adrian Whitaker
Depositphotos

International oil prices slightly dropped on Tuesday, breaking a two-day upward streak.

Investors adopted a cautious stance amid the uncertain outlook for nuclear talks between the United States and Iran, as well as ceasefire negotiations in the ongoing Ukraine war.

Brent crude, the global oil benchmark, settled at 65.38 USD per barrel for July delivery, down 0.16 USD (0.24%) from the previous session.

Similarly, West Texas Intermediate (WTI), the U.S. oil benchmark, saw its June futures contract slip 0.13 USD (0.21%) to close at 62.56 USD per barrel.

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U.S. Hits Chinese Graphite With 93% Tariff—Your Next EV Just Got Pricier

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The U.S. imposes a 93.5% tariff on Chinese graphite, risking a $1,000 increase in EV prices as tax credits end and production costs rise.

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The Stablecoin Act has passed Congress, boosting crypto markets, with XRP hitting a new all-time high and regulatory clarity for stablecoins.

Market Panic? Rich Investors Saw a Bargain, Morgan Stanley Says

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Morgan Stanley's profits surged as wealthy clients bought stocks during a market downturn, driven by Trump's tariff announcement.

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