Oil turns lower after Iran touts progress in Switzerland peace talks

AI Summary

Oil prices fell after Iran reported progress in Switzerland peace talks with the US, despite US President Donald Trump warning of possible military action over Hezbollah attacks in Israel. Brent Oil Futures for August declined following early gains.

Oil prices erased early gains and turned lower on Monday after Iran said good progress had been made in talks with the U.S. in Switzerland, even as U.S. President Donald Trump threatened fresh military action against Iran over Hezbollah attacks on Israel. As of 02:18 ET (06:18 GMT), Brent Oil Futures expiring in August fell ...