WTI oil suffered a sell-off as traders reacted to geopolitical developments. Recent reports showed that Iran was evaluating the latest U.S. proposal to end the war in the Middle East.Negotiations between U.S. and Iran may take place next week in Islamabad. If Iran agrees to the proposal, it will gradually reopen the Strait of Hormuz, while U.S. will lift the blockade of Iranian ports. It should be noted that nothing has been agreed yet.Today, traders also had a chance to take a look at the EIA Weekly Petrol ...