Oil falls after signs of progress in U.S.-Iran nuclear talks
Oil prices fell on Monday on expectations the U.S.-Iran talks may be nearing a conclusion on reviving a deal restricting the OPEC country`s nuclear weapons development, which would raise crude supply, though global supply concerns capped losses.
U.S. President Joe Biden`s administration on Friday restored sanctions waivers to Iran to allow international nuclear cooperation projects, as the talks on the 2015 international nuclear deal enter the final stretch.