Ammon News - Oil prices fell about 2% on Friday on mounting hopes for a truce ‌between the US and Iran and talk about a possible US ban on diesel exports, even as traders worried that increasing attacks against Saudi Arabia by Houthi fighters could disrupt supply from the Middle Eastern producer.

Brent futures fell $2.28, or 2.1%, to settle at $104.32 a barrel. West Texas Intermediate (WTI) crude fell $2.20, or 2.3%, to settle at $92.41.

That put Brent up less than 1% for the week and ​WTI down about 8%.

US and Iranian negotiators in New York are exploring a phased path out of war that would involve Tehran reopening the Strait ​of Hormuz and Washington lifting its economic blockade of Iran, sources close to the talks said.

Iran, however, said it will ⁠show no flexibility over its nuclear program even if the US accepts its proposal to reopen the Strait of Hormuz, which calls for steps including lifting a US naval ​blockade on Iranian ports, a senior Iranian official told Reuters on Friday.