Brent Oil Worst Weekly Drop Since 2022 Amid U.S.-Iran Talks

AI Summary

Brent oil experienced its worst weekly drop since 2022 as U.S. negotiations with Iran are scheduled for Saturday. The geopolitical situation is tenuous due to ongoing Israeli attacks in Lebanon, which may impact the cease-fire negotiations. The market is reacting negatively to these developments, affecting oil prices. The potential outcomes of these discussions could significantly influence the energy sector.