From BigGo Finance · BigGo Finance · · 1m
Tehran Signals Peace Talks, Oil Prices Drop 7%
Iranian peace talks open as oil prices tumble 7%.
In brief
Iranian peace talks open as oil prices tumble 7%. Iranian officials signaled peace talks with U.S. and Israel, causing Brent crude to drop 7.63% to $104.77 a barrel. Originally reported by BigGo Finance.
Oil Prices Drop
Brent crude fell 7.63% to $104.77 a barrel and WTI dropped 7.36% to $96.46 on Monday.
Iran Signals Talks
Iranian President Masoud Pezeshkian said Supreme Leader Ayatollah Mojtaba Khamenei authorized peace talks.
Qatari Mediators Visit
Qatari mediators traveled to Tehran to meet Foreign Minister Abbas Araqchi about a possible U.S.-Iran agreement.
Trump's Comment
President Donald Trump said a deal with Iran 'could happen' after Iranian officials signaled peace talks.
Analyst Views
UBS and Raymond James analysts cited diplomatic signals, while Panmure Liberum called the slide 'overdone'.
Inventory Drop
ADNOC reported world oil inventories fell nearly 1 billion barrels since the war began.
Goldman Sachs Forecast
Goldman Sachs warned Brent crude could reach $140 in 2.027 if Gulf output stays depressed.
The one thing
Iranian officials signaled peace talks with U.S. and Israel, causing Brent crude to drop 7.63% to $104.77 a barrel.
