World

Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war

SINGAPORE: Oil prices slipped more than 3 percent on Monday after Iranian and Qatari officials ‌held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. Brent crude futures fell $3.68, or 3.2 percent, to $109.75 a barrel by 07:07 a.m. Saudi time while US West Texas Intermediate crude ​was at $100.69 a barrel, down $3.43, or 3.3 percent. Brent ended October at its highest in six ​months amid concerns that the US-Iran conflict could escalate again after Tue