Oil Swings as Iran Conducts Drills Ahead of Fresh Talks With US

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Oil flipped between gains and losses, as traders monitored geopolitical risks before talks between the US and Iran that are expected to resume on Tuesday.Brent traded close to $68 a barrel after its first back-to-back weekly drop this year, while West Texas Intermediate was near $63. Iran’s Revolutionary Guard are currently conductingBloomberg Terminal naval drills in the the “region of” the Strait of Hormuz, the vital waterway that ships about a fifth of the world’s barrels, according to the nation’s semi-official Tasnim news agency.