WS #12928
Brent crude falls ~5.8% to ~$80/barrel as US-Iran diplomatic talks progress, Trump halts new strikes, and Iran suspends retaliation, countering supply disruption fears. Senate to set up key vote on combined Russia-Iran sanctions bill, targeting oil sales, with first vote expected Tuesday night.
US-Iran De-escalation Drives Oil Plunge
Brent crude falls ~5.8% to ~$80/barrel as US-Iran diplomatic talks progress, Trump halts new strikes, and Iran suspends retaliation, countering supply disruption fears.
Senate to set up key vote on combined Russia-Iran sanctions bill, targeting oil sales, with first vote expected Tuesday night.