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

Oil prices fell following US-Iran talks in Switzerland, with Tehran securing export waivers and easing supply concerns, leading to a decline in Brent crude and WTI prices.

• Oil prices declined after US-Iran talks in Switzerland concluded with Tehran securing waivers for oil and petrochemical exports
• Brent crude fell $1.68, or 2.09 per cent, to $78.89 a barrel
• Iranian Foreign Minister Abbas Araghchi stated his country secured waivers for oil exports, release of frozen assets, and a reconstruction plan