London: The price of Brent North Sea crude, the main international benchmark, sunk back under $100 per barrel Monday on hopes that diplomatic progess can be made on ending the US-Iran war.
Brent tumbled 4.0 percent to $99.69, while the main US contract, West Texas Intermediate, slumped 5.0 percent to $95.22 per barrel.
This week's United Nations gathering brings US President Donald Trump and Iranian President Masoud Pezeshkian to New York, with markets betting on the pair possibly meeting.
