Oil falls after US-Iran talks conclude in Switzerland (opens original article in a new tab)

Oil prices fell after U.S.-Iran talks in Switzerland concluded with Tehran securing waivers for oil and petrochemical exports, easing supply concerns.

• Oil prices declined after U.S.-Iran talks in Switzerland concluded with Tehran securing waivers for oil and petrochemical exports
• Brent crude fell $1.68, or 2.09%, to $78.89 a barrel
• U.S. West Texas Intermediate crude futures dropped 60 cents to $76 a barrel
• Iranian Foreign Minister Abbas Araqchi stated his country secured waivers for oil exports and asset releases