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Oil plunges more than 6% from near wartime highs as diplomacy over Iran gathers pace

By ChordNews · First written (updated )

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Summary

Brent crude fell more than 6% on Monday morning, retreating from its highest close since March, as regional mediators headed to Tehran and US President Donald Trump weighed a deal with Iran. Investors were also bracing for a week packed with central bank decisions and earnings reports.

This continues an earlier story: Oil prices rise as Iran-US tensions deepen and US crude inventories fall

Later: Oil prices fall as renewed US-Iran peace efforts ease supply fears

Timeline

  1. Euronews

    Source ↗

    Euronews reports that Brent crude fell more than 6% on Monday morning, retreating from its highest close since March, as regional mediators headed to Tehran and Trump weighed a deal with Iran.

  2. Euronews

    Source ↗

    Euronews reports that Brent crude fell more than 6% on Monday morning from near its highest close since March, as regional mediators headed to Tehran and Trump weighed a deal with Iran.

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