Oil prices dip after 1st round U.S.-Iran talks in Switzerland
Business
Oil prices took a dip this Monday morning as the first round of U.S.-Iran talks concluded in Switzerland, focusing on easing sanctions for Iran.
Brent crude dropped 1.40% to $78.93, while WTI fell 0.26% to $65.65.
Indian crude futures fall on MCX
Indian crude futures also slid: July contracts on MCX fell 1.47% to ₹7,155 and August dipped 1.28% to ₹7,107.
Iranian officials said some sanctions on oil exports may be lifted and assets unfrozen, but the situation remains tense: President Trump warned Iran about its activities in Lebanon, and analysts say reaching a lasting deal will be tough given ongoing regional risks.