Oil Drops by More Than 1% as Iranian-Qatari Talks Continue

Al-Taj News – Global oil prices fell amid the continuation of talks between Iranian and Qatari officials for the third consecutive day, aiming to reach an agreement to end the American-Israeli war on Iran, amidst hopes of potentially easing geopolitical tensions in the region.

Brent crude futures dropped by 1.33% to record $111.92 per barrel, while US West Texas Intermediate (WTI) crude fell by 1.71% to reach $102.34 per barrel.