Oil prices dropped on Tuesday, with investors eyeing the outcome of potential U.S.-Iran talks in Doha amid weekend missile fire from both sides that tested an interim ceasefire to end the four-month-old war.
Brent August crude futures, which expire on Tuesday, were down 1.03%, or 75 cents, at $72.40 a barrel as of 0038 GMT. The more actively traded September contract was down 0.54%, or 40 cents, at $73.51 a barrel.
