Brent crude falls from six-month high due to ongoing talks between Iran and Qatar

According to foreign media reports, on Monday, Brent crude oil futures prices retreated from a six-month high as Iranian and Qatari officials held talks for the third consecutive day, aiming to push for an agreement to end the US-Israel war with Iran. Ponmudi R, CEO of stock brokerage platform Enrich Money, stated: “The discussions between Iranian officials and Qatari mediators have raised hopes for a breakthrough, which could ease market concerns about supply and improve the outlook for the global energy market.”