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The Independent UK
The Independent UK
Business
Holly Williams

Oil prices fall to early March levels as US-Iran peace talks progress

United States Oil Iran PA Graphics SpaceX

Oil prices have continued their descent towards levels last observed before the Iran war, following the US decision to waive sanctions on Iranian oil amidst progress in peace negotiations.

Brent crude saw a nearly 2 per cent drop in morning trading on Tuesday, reaching 76.4 US dollars a barrel. This marks a new low since early March and brings the price closer to the 72 dollars a barrel recorded before the US-Israel war on Iran commenced on 28 February.

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