The price of Brent oil was falling 1.55%, with markets waiting to know whether the United States (US) and Iran will meet again for peace talks in Pakistan.
The price of Brent oil, which serves as a reference for Europe, fell 1.55% and was being traded at 93.98 dollars (79.82 euros) on the London futures market, at seven o’clock this Tuesday morning, 21st, according to data from Bloomberg.
West Texas Intermediate crude, used as a benchmark in the US, also fell 1.75% to $85.89 (72.95 euros) per barrel, the financial news agency added.
Brent for delivery in June had recovered sharply on Monday, with a rise of more than 5%, amid a new escalation of tensions between the United States and Iran.
This is after Tehran once again closed the Strait of Hormuz, following the attack and seizure, by the US Navy, of an Iranian-flagged cargo ship that attempted to cross the naval blockade imposed by Washington.
In this context of renewed tensions between the two countries, which threaten peace negotiations, the president of the Iranian parliament, who leads Tehran’s delegation in talks with the United States, warned today that they will not accept “negotiations in the shadow of threats”.
Mohammad Bagher Qalibaf once again denounced violations of the ceasefire in force by the US and the naval blockade imposed on Iranian ports, and stated that Iran is preparing new strategies to resume the armed conflict.
Futures on the main European stock exchanges registered a slight increase at the opening of today’s session.
At 07:30 (06:30 in Lisbon), futures on the Frankfurt Stock Exchange rose 0.5%, those on the London Stock Exchange 0.23%, while the Euro Stoxx 50 index, which tracks the performance of the 50 largest companies by market capitalization in the euro zone, registered an increase of 0.51%.
Before the opening of European stock exchanges, Asian markets showed mixed results, with the Shanghai Composite index falling 0.07%, while Tokyo’s Nikkei rose 1.14% and Hong Kong’s Hang Seng gained 0.4%.
US futures rose slightly after closing slightly lower on Monday.
The euro depreciated, trading at 1.178 dollars, while gold fell 0.5% to 4,796.94 dollars (4,074.47 euros) and silver traded at 79.32 dollars (67.37 euros), with a fall of 0.51%.
Bitcoin, the most popular digital currency in the world, fell 0.57% to $75,879.1 (€64,451.71).
