US-Iran: Crude Prices Fall Up To 3% After Switzerland Talks

Global crude oil prices fell by as much as 3% after talks between US and Iran in Switzerland eased fears of supply disruptions. Brent crude slipped to $79 per barrel, while WTI traded near $75. The decline followed initial talks on extending a fragile ceasefire, adding to last week's 8% drop driven by hopes of smoother Gulf shipments and sanctions relief.