US and Iran Conclude High-Level Talks in Switzerland, Mediators Say
WRAPUP 3-US and Iran conclude high-level talks in Switzerland, mediators sayUpdates oil price in paragraph 9Iranian officials left negotiating room, used mediators instead: Iran mediaNegotiations had continued through the night and into the next dayHigh-level talks ended Monday, technical meetings to continue this weekOil prices resume drop after progress on talks reportedBy Humeyra Pamuk, Dave Graham and Tala Ramadan. Trump said he agreed to last week's memorandum of understanding to avert a global economic depression from high oil prices caused by the strait's closure. Oil prices had tumbled over the past week to levels unseen since the war started on February 28 with U.S.-Israeli attacks on Iran.fell further, dropping more than $1 to $79.44 a barrel.