U.S.-Iran Talks Possible, International Oil Prices Drop Significantly

Odaily News: Amid market expectations that the United States and Iran will soon hold a new round of negotiations, international crude oil futures prices fell significantly at the start of the new trading week on the afternoon of the 2nd (Eastern Time). As of 19:00 Eastern Time on the 2nd, the price of light crude oil futures for September delivery on the New York Mercantile Exchange fell to as low as $74.78 per barrel, down $5.89 from the previous trading day's settlement price, a decline of 6.96%; the price of Brent crude oil futures for October delivery on the London ICE Futures Exchange fell to as low as $81.55 per barrel, down $6.38 from the previous trading day's settlement price, a decline of 7.26%. U.S. President Donald Trump told reporters aboard Air Force One on the afternoon of the 2nd that the U.S. would hold negotiations with Iran the following day. The day before, Trump announced the cancellation of military strikes against Iran. (Xinhua)