Oil prices slip as Qatar and Pakistan unveil 60-day US-Iran roadmap, Brent falls below $79

Qatar and Pakistan said the United States and Iran have agreed to a 60-day framework, after a first round of senior talks in Switzerland ended with what the mediators called “encouraging progress.” The U.S. has confirmed Iran will be able to return to international oil markets, with exports expected to recover to more than 1.5 million barrels a day. Brent crude has fallen below $79 a barrel and WTI is below $77 a barrel. The development has eased expectations of geopolitical supply risks, weighing on oil-linked assets.