Oil Drops 6% as Iran Signals Openness to Peace Talks

By Farhan RafidOil prices fell more than 5% 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 6.1% to $106.52 a barrel, while U.S. West Te…