Oil prices drop on hopes of fresh US-Iran talks

Published April 24, 2026 Updated April 24, 2026 06:19pm

Oil prices slides on hopes of fresh peace talks aimed at ending the war, with Iran’s foreign minister expected later in Islamabad, AFP reports.

After jumping more than two percent, international benchmark Brent North Sea crude shows a loss of 0.5 per cent at $104.57 a barrel. The main US contract, West Texas Intermediate, falls 1.1pc to $94.80.

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