News
Brent Crude Slides Below $110 as Iran Deal Hopes Grow
Brent crude oil futures are down more than 6% from Friday's high, trading just below $110 a barrel. Hopes of a deal between the US and Iran are easing fears of further escalation. The Financial Times reports that Iran is hosting officials from Saudi Arabia, Pakistan, and Turkey, following a visit by Qatari officials. Brazil's stock market fell 20% after President Luiz Inácio Lula da Silva secured a fourth term in office.