Oil prices fall as market hopes for more talks between the US and Iran.

Oil prices fell in early trading as the market hopes for more talks between the United States and Iran, which could ease supply disruptions in the Middle East. After meeting with Pakistani Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, UN Secretary-General Guterres said negotiations could resume. In addition, media reports citing two US officials said that more than 20 commercial ships had passed through the Strait of Hormuz in the past 24 hours. West Texas Intermediate crude oil futures for the near month fell 0.8% to $90.54 per barrel, while Brent crude oil futures for the near month fell 0.4% to $94.39 per barrel.