Crude Oil Slides As Iran Mediation Talks With US, Iran Near
US and Brent crude briefly fell about $1 after plans emerged for separate meetings with Washington and Tehran on Monday or Tuesday.
Crude oil prices briefly fell about $1 after plans emerged for separate meetings between mediators and the United States and Iran on Monday or Tuesday, putting energy markets on watch for developments in the conflict.
US crude was quoted at $93.92 a barrel after the move, while Brent crude stood at $99.82. The decline followed news that the mediation effort could bring separate discussions with Washington and Tehran within the next two days.
Iran’s foreign minister and Qatar’s mediator are expected to remain in the United States as the meetings take place. The schedule calls for separate sessions rather than a joint US-Iran meeting.
The talks would be the next concrete step in the mediation effort, with the first meetings expected Monday or Tuesday.
