Oil falls 7.5% on peace hopes, gold up
Oil falls 7.5% on peace hopes, gold up
Oil prices fell more than 7% on Monday as talks between Iranian and Qatari officials lifted hopes for an end to the US-Israel war with Iran and stabilisation of Middle East crude supply. Iran's president said the supreme leader had granted the government "certain authorities" regarding peace talks. The country's negotiators held days of talks with Qatari mediators aimed at ending the war. A draft proposal is being c...