Oil tumbles over 6% as Trump's Iran talks revive hopes of easing Middle East tensions

Oil prices dropped significantly as United States and Iran negotiations offered hope for de-escalation. Uncertainty surrounds these talks and ongoing security risks persist along vital shipping lanes. Brent crude futures experienced a sharp decline after President Trump announced potential discussions with Iran. This followed a substantial rally last month fueled by renewed conflict and tanker attacks.

By SHIVANGHI PAYAL