Brent crude falls 3.15% to below $110 per barrel

Brent crude prices fell by 3.15% to below $110 per barrel.

The decline was influenced by diplomatic efforts between the United States and Iran, according to Al-Sharq.

Mediators are working to bridge differences between the US and Iran, as Washington insists on resolving all negotiation files, including the nuclear issue, while Tehran has set out seven main conditions. These include lifting the maritime blockade on the Strait of Hormuz, releasing its frozen assets, and ending the war.