Brent crude falls more than 3% to $100 a barrel, awaiting progress in US-Iran talks.

On Monday, September 21, the price of Brent crude oil for November delivery fell by 3.40% to close at $100.34 per barrel on the London futures market. The decline reflects a shift in market sentiment regarding global energy supplies.

The drop in price is attributed to investor optimism surrounding potential progress in negotiations between the United States and Iran. Market participants are reacting to the possibility that renewed diplomatic talks could lead to changes in the current energy landscape.