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Oil prices drop after US-Iran peace talks show signs of progress

Brent crude was down 2.2 per cent to US$78.94 as at 10.41am Singapore time, reversing an earlier gain of as much as 2.2 per cent. Read more at straitstimes.com. Read more at straitstimes.com.

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straitstimes.com1 mese fa

Oil prices climb after fresh Trump threat as US-Iran peace talks begin

Trump threatened Iran strikes, pushing Brent crude +1.4% to $82.72; US-Iran peace talks began in Switzerland. A settlement could release 80M barrels into weak demand, compressing energy costs and forcing recalculation of data center capex and cloud margins in infrastructure budgets.

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