Commodities
Brent Crude Falls to Six-Straight Losses on Pipeline Restart and Iran Talks
The price of Brent crude has extended its decline to six straight sessions as Saudi Arabia restarted its East-West pipeline and US-Iran talks showed signs of progress.
Brent crude was trading at around $98/bbl, a price that marks the longest losing streak since August 2025, with oil acting as the dominant intraday driver for broader markets.
The move is linked to supply developments, specifically Saudi Arabia's decision to restart its East-West pipeline, which has put pressure on Brent crude prices.
Away from rhetoric, US and Iranian officials held their first talks since June through mediators, with no agreement reached but further discussions expected.