International oil prices plunged over 6%, with Brent crude falling to $106.54/barrel, boosted by hopes for U.S.-Iran diplomacy.
International oil prices extended their declines, boosted by hopes of a new round of talks between the US and Iran to end the eight-month conflict in the Middle East. Brent North Sea crude futures, the main international contract, fell 6.1% to $106.54 per barrel; US benchmark West Texas Intermediate (WTI) crude fell 6.3% to $97.56 per barrel.
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