Oil slid ahead of talks this week between world powers to salvage a nuclear deal with Iran, while rising virus cases in parts of the world such as India muddied the demand outlook.
Futures in New York fell as much as 3 per cent on Monday. Iran, the European Union and the US are set to gather in Vienna on Tuesday to discuss the potential resurrection of the 2015 Nuclear deal, presenting a possible path toward removing sanctions on the Middle Eastern country’s oil exports. Yet, Iran indicated talks won’t succeed without the US fully removing sanctions.
Meanwhile, governments around the world