Oil prices drop more than 3% as Iran and Qatar hold third day of talks

Iranian and Qatari officials held a third day of talks on ending the US-Israeli war on Iran, and oil prices fell on Monday.

• Brent futures fell 3.01% to $110 a barrel and WTI dropped 3.3% to $100.7 on Monday.
• Iran's Foreign Minister Abbas Araghchi said on Sunday the talks aim to continue consultations with Qatari mediators and that Tehran is ready for "defense and diplomacy together."
• Attacks on oil tankers transiting the Strait of Hormuz have raised global energy and shipping costs.
• OPEC+, including Russia, kept December production targets unchanged on Sunday, signaling no further policy adjustments before next year.