GENEVA / LONDON — Brent crude drops by more than 6% to $105.55 a barrel, the lowest level in more than two weeks The oil price has fallen to its lowest level in more two weeks amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel on Monday, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs. Reporting monitored through The Guardian World Desk (theguardian.com) places the development at the center of current international policy coverage.
Regional security advisors and ministerial delegations assessing the situation stressed that bilateral communication channels must remain open to prevent unintended escalation.
Government cabinets and legislative committees are scheduled to review formal policy briefs this week to coordinate unified diplomatic posture.