Crude oil prices extend losses on US-Iran peace talks; Brent below $90 per barrel

Crude oil prices fell sharply on US-Iran peace talks, with WTI slipping below $82 a barrel and Brent settling near $88 a barrel, marking its biggest one-day decline in over three months. President Trump paused military strikes against Iran to allow diplomatic efforts, while Iran suspended retaliatory attacks on US bases in the region. Kazakhstan's CPC terminal also resumed operations after earlier disruptions, easing global supply concerns further.