Oil plunges more than 6% from near wartime highs as diplomacy over Iran seemingly gathers pace

Brent and U.S. crude prices fell as diplomatic activity around the Iran war appeared to increase, though attacks and supply concerns continued.

• On Monday, Brent fell more than 6% from about $117.40 per barrel at Friday’s close to around $110; West Texas Intermediate fell about 2% to $101.50.· 1 source
• Qatari mediators reportedly travelled to Tehran on Sunday, and Saudi, Pakistani and Turkish officials were due to hold regional security talks there on Monday.· 1 source
• The Houthis said they again struck Saudi airports and energy sites over the weekend, while Riyadh said it had intercepted further missiles and drones.· 1 source