Oil Falls More Than 4% on U.S.-Iran Diplomatic Signals
Oil prices fell more than 4% amid signs that the U.S. and Iran are seeking a diplomatic resolution.
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12:35:08 PM UTC
SquawkNews
By Farhan RafidOil prices dropped more than 4% on Monday as renewed diplomatic efforts to end the conflict between the U.S. and Iran eased concerns over Middle East oil supplies, reversing some of last week's gains.Brent crude futures for January delivery fell 4.2% to $108.68 a barrel, while U.S. W…