India, Nov. 12 -- Oil prices were modestly lower on Thursday, recouping some losses from earlier in the session after a senior Iranian official rejected one of Washinton's key conditions for peace talks, stating that the country would not surrender "a single atom" of its enriched material.

Mohammed Bagher Ghalibaf, Iran's parliament speaker and top negotiator, has told AI Jazeera that Tehran is waiting for an official U.S. response to its seven conditions for ending war and that the Strait of Hormuz will "never return" to its status prior to the U.S.-Israel war on Iran.

For comments and feedback contact: editorial@rttnews.com

Published by HT Digital Content Services with permission from RTT News....