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Oil Prices Plunge as Draft Proposal to End U.S.-Iran War is Circulated
Oil prices extended losses from Asian trade into early Monday morning U.S. time as a draft proposal on a potential end to the U.S.-Iran war is now being circulated after Iranian negotiators left Qatar, an official briefed on the talks…
Summary
Oil prices extended losses from Asian trade into early Monday morning U.S. time as a draft proposal on a potential end to the U.S.-Iran war is now being circulated after Iranian negotiators left Qatar, an official briefed on the talks told Reuters on Monday. Oil prices slumped by 3% in Asian trade on Monday amid renewed optimism about a possible peace deal between the United States and Iran, following reports about mediation talks between Iran and Qatar over the weekend.
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