Oil drops more than 1% as concerns about possible US-Iran conflict ease

Core Viewpoint - Oil prices experienced a decline of more than 1% at the opening on Monday due to easing concerns regarding a potential conflict in the Middle East between the U.S. and Iran following the conclusion of a round of talks between the two nations on Friday [1] Group 1 - Oil prices dropped over 1% at Monday's open [1] - Concerns about a possible conflict in the Middle East between the U.S. and Iran have eased [1] - The easing of tensions followed a round of talks that concluded on Friday [1]