Oil Plunges 7% as Iran Signals Openness to Peace Talks

By Farhan Rafid and Anthony HarrupOil prices fell Monday as renewed diplomatic efforts to end the conflict between the U.S. and Iran eased concerns over Middle East oil supplies and fears of escalation following the U.S. midterm elections.Brent crude for January fell 7.6% to $104.77 a barrel, while…