Crude oil price falls $1 on better supply outlook amid hopes for US-Iran talks

Oil prices extended declines on Wednesday ‌as investors eyed improved Gulf supply after Saudi Arabia restarted operations at ​a critical pipeline.Hopes for a diplomatic solution to the US-Iran ⁠war also weighed on prices.Brent crude futures fell $1.09, or 1.1%, to $98.16 a barrel as of 0421 GMT whi…