NEW YORK, Sept 21 (Bernama-dpa) -- Oil prices have fallen for the fourth consecutive trading day, with traders keeping a close eye on diplomatic efforts to end the conflict between the United States (US) and Iran, reported German Press Agency (dpa).
The price of a barrel of North Sea Brent crude for November delivery was down 1.75 per cent at US$102.05 on Monday morning.
US President Donald Trump told Fox News at the weekend that he was “probably” willing to meet his Iranian counterpart, Masoud Pezeshkian, on the sidelines of the United Nations (UN) General Assembly in New York this week.
Trump is also set to hold a summit with Chinese President Xi Jinping and could meet representatives of Gulf states.
Meanwhile, heavy fighting between the Houthi group and forces of Yemen’s internationally recognised government continues to put the shipping route through the Bab al-Mandab Strait and the Red Sea at risk.
Trump has also signed into law legislation passed by Congress imposing sweeping new sanctions on Russia.
In addition to direct punitive measures against Russian politicians and companies, the package includes sanctions on Russian oil and gas exports.
-- BERNAMA-dpa
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