[International Oil Prices] Fall by Around 2% on Hopes of a U.S.-Iran Deal

[Financial News]  \r\n
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International oil prices fell by around 2% on the 21st local time.
Expectations that the United States of America and Iran would reach an agreement pushed prices lower.
July Brent Crude Oil, the global benchmark, closed at $102.58 per barrel, down $2.44, or 2.32%, from the previous session.
July West Texas Intermediate crude oil (WTI), the U.S. benchmark, finished at $96.35 per barrel, down $1.91, or 1.94%.
At one point, prices had jumped by more than 3%.
Reuters reported that Ayatollah Mojtaba Khamenei, Iran's supreme leader, had issued an order banning the export of enriched uranium, which sent prices higher.
That directive was incompatible with the stance of U.S. President Donald Trump, who said the purpose of the war was to eliminate Iran's nuclear weapons development base.
However, according to Al Jazeera and other outlets, a senior Iranian official later denied the report, saying it was not true.
The market then turned weak again on expectations that the two sides would reach an agreement.
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dympna@fnnews.com Song Kyung-jae Reporter