Oil falls for a third straight day after US, Iran talks conclude in Doha

Oil prices dropped about one per cent on Thursday, down for a third consecutive day, after Qatar said Iran and the US had made progress in indirect talks focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war. The discussions produced “positive progress” on issues related to the memorandum that halted the war in June, a Qatar Foreign Ministry spokesperson said