Iran's President Masoud Pezeshkian said Supreme Leader Mojtaba Khamenei had granted the government "certain authorities" to pursue peace talks with the United States, state media reported, raising hopes of a possible diplomatic breakthrough.
Following the development, the Brent crude futures for January 2027 delivery plunged further, down $7, or 6.17%, to $106.43 per barrel on Monday, according to real-time market data, as investors weighed the prospect of easing tensions between the two countries.
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(This is a developing story)
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