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Trump Revives Iran Peace Talks, Brent Crude Price Drops $16

Guavy AI Editorial Team
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The price of Brent crude has fallen by more than $16 per barrel in just eight trading sessions, retreating sharply from its peak of $100.30 reached during a recent Middle East conflict.

The decline comes as signs of renewed peace talks between the United States and Iran ease fears of a prolonged disruption to global oil supplies through the Strait of Hormuz.

US President Donald Trump said new talks with Iran would begin on Monday afternoon, after he called off a planned military strike that he described as potentially the largest US attack since World War II.

Trump prioritised negotiations over military escalation, saying 'we're just going to see whether or not we can make a deal.'

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