Oil prices moved lower after the latest round of U.S.-Iran talks in Switzerland concluded, reversing earlier gains caused by uncertainty over the negotiations and fears of renewed disruption around the Strait of Hormuz. Brent Crude Oil Prices Ease Brent crude, which had initially risen by more
US envoy Steve Witkoff and Iranian Foreign Minister Abbas Araqchi were headed to Switzerland for talks aimed at advancing a wider regional agreement, after a ceasefire in Lebanon revived diplomatic efforts linked to the interim US-Iran pact. US-Iran Switzerland Talks Gain Momentum The discussions are expected to focus on turning the temporary US-Iran understanding into








