Oil prices fell slightly on Tuesday as prospects for a settlement in the US-Israel war in Iran curbed fears of supply disruptions, but Brent crude oil remained near its highest levels in six months after Houthi attacks on Saudi Arabia dampened hopes for quick stability in the region. Brent crude futures were down 66 cents, or 0.57 percent, at $115.15 a barrel by 0000 GMT, while U.S. West Texas Intermediate was down 44 cents, or 0.43 percent, at $101.32 a barrel. Saudi Arabia, Turkey and Pakistan held talks with senior Iranian officials in Tehran yesterday, Monday, with the aim of calming tensions in the Middle East. Official media in Iran reported that the four countries agreed to continue talks to increase cooperation in the fields of peace and security. Hopes for a settlement of the conflict allayed some fears of supply disruptions, lowering the risk premium and exerting pressure on oil prices.

Oil prices fell slightly on Tuesday as prospects for a settlement in the US-Israel war in Iran curbed fears of supply disruptions, but Brent crude oil remained near its highest levels in six months after Houthi attacks on Saudi Arabia dampened hopes for quick stability in the region. Brent crude futures were down 66 cents, or 0.57 percent, at $115.15 a barrel by 0000 GMT, while U.S. West Texas Intermediate was down 44 cents, or 0.43 percent, at $101.32 a barrel. Saudi Arabia, Turkey and Pakistan held talks with senior Iranian officials in Tehran yesterday, Monday, with the aim of calming tensions in the Middle East. Official media in Iran reported that the four countries agreed to continue talks to increase cooperation in the fields of peace and security. Hopes for a settlement of the conflict allayed some fears of supply disruptions, lowering the risk premium and exerting pressure on oil prices.