Global oil prices fell on Monday after talks between Iran and the United States in Switzerland concluded with Tehran announcing that it had secured exemptions for its oil and petrochemical exports.
The development helped ease market concerns over potential disruptions to global energy supplies, reducing fears of a supply shortage that had previously supported higher crude prices.
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Investors reacted positively to indications that Iranian exports would continue despite ongoing negotiations, with analysts noting that the outcome could help maintain stability in international oil markets and improve the global supply outlook.
