Reuters reported a drop in oil prices amid talks between Iran and the United States

Global oil prices fell amid a decrease in traders' concerns about the continuation of negotiations between Iran and the United States on Tehran's nuclear program. This was reported on February 9 by the Reuters news agency.

"With new negotiations approaching, concerns about supply disruptions in the Middle East have eased," analyst Tony Sycamore said.

The agency notes that Brent crude futures fell to $67.38 per barrel, while West Texas Intermediate (WTI) crude futures fell to $62.94 per barrel.

About a fifth of the world's oil consumption passes through the Strait of Hormuz between Oman and Iran. Both oil indexes fell by more than 2% last week as tensions eased, the publisher emphasizes.

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Earlier, on February 6, two rounds of indirect talks between Iran and the United States were held in Muscat with the mediation of Oman. During the consultations, which were conducted through Oman's Foreign Minister Badrom Al-Busaidi, the parties discussed a plan for a possible resumption of the negotiation process. Al-Busaidi also said that the delegations of Iran and the United States held very serious negotiations on the Iranian nuclear program in Muscat, and the parties plan to continue the process. He also noted that the talks were useful for clarifying the positions of the parties, as well as for determining possible progress.

Iran has previously indicated its readiness to make a deal with the United States by suspending or completely shutting down its nuclear program. It was noted that Tehran would prefer the proposal to create a regional consortium for the production of nuclear energy put forward by the United States last year.

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