Oil Prices Slide 3% as Hopes for Iran Peace Deal Grow ...Middle East

Crude oil prices started the week with a dip on 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. At the time of writing, Brent crude was trading at $109.82 per barrel, and West Texas Intermediate was changing hands for $100.57 per barrel, despite a statement by Iran’s Foreign Minister Abbas Araqchi that said Tehran was prepared for "both defence and diplomacy", as cited by Reuters. ING commodity strategists, meanwhile, noted separate…

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