Oil prices fell by more than 6% this Monday morning amid hopes for diplomatic progress in the Middle East, following reports of American and Iranian efforts favoring dialogue over escalation. Brent crude for January delivery dropped by 6.07% to $106.54
per barrel, while West Texas Intermediate crude for December delivery declined by 6.30% to $97.56, according to AFP. Conversely, precious metals saw significant gains, with silver rising 3.5% to $51.2 per ounce and gold increasing by 1.8% to $3950 per
ounce.
