Oil Prices Down 2% as Markets Scramble for Clarity

Crude oil prices fell sharply on Monday, with Brent and West Texas Intermediate (WTI) futures declining nearly 3% as markets reacted to perceived progress in U.S.-Iran nuclear negotiations and mounting concerns over global demand.? Brent crude was trading down 2.2% at $66.59, and the U.S. crude benchmark, West Texas Intermediate (WTI), was down 1.92% at $63.44, unsure of how to weigh the impact of a fast-evolving tariff war theater against what analysts are interpreting as a positive progress towards shifting away from military threats.  Earlier…