Oil prices fall to two-week lows – as it happened

NEWS SUMMARY

Oil prices fell to two-week lows on Monday as Brent crude futures dropped 4.55% to $98.83 a barrel and US WTI fell 4.73% to $92.03, driven by optimism over potential US-Iran peace talks despite ongoing disagreements. The market reacted to reports of progress toward a deal that could reopen the Strait of Hormuz, though the US administration downplayed immediate breakthrough hopes.

Full BriefOn request

This blog is now closed. See our latest full report hereIn Lebanon, the civil defence agency said early on Sunday its regional facility in the southern city of Nabatieh had been destroyed by an Israeli strike.

Oil prices fall to two-week lows – as it happened

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