International oil prices fall on Iran's new negotiation proposal... WTI down 3%

An oil tanker arriving at Mumbai port, India, after passing through the Strait of Hormuz.

International oil prices fell on the 1st (local time) amid growing expectations for continued negotiations after news that Iran had delivered a new negotiation proposal to the United States through Pakistan, a mediating country.

On this day, the closing price of July Brent crude oil futures on the ICE Futures Exchange was $108.17 per barrel, down 2.0% from the previous trading session.

The closing price of June West Texas Intermediate (WTI) crude oil futures on the New York Mercantile Exchange was $101.94 per barrel, down 2.98% from the previous trading session.