Commodities
US-Iran Talks Ease Oil Price Pressure
Oil prices retreated on September 23 as markets reacted positively to news of US-Iran talks.
The development sent oil futures lower, with West Texas Intermediate (WTI) crude dropping by about 2.5% to $81.45 per barrel at the time of writing.
Oil prices had been volatile in recent days due to rising tensions between the US and Iran, which threatened to disrupt global energy supplies.
The news of talks between the two nations has provided some relief to markets, with oil prices pulling back from their highs.