A News Agency

Brent futures fell 3 cents to $67.39 a barrel, while WTI slipped 5 cents to $62.28, both near two-week lows.

Iranian Foreign Minister Abbas Araqchi said the sides agreed on “guiding principles” in nuclear talks, though this does not mean a deal is imminent.

Analysts remained cautious about the durability of progress.

IG analyst Tony Sycamore said a breakthrough could boost Iranian supply but is unlikely in the short term.

Eurasia Group estimated a 65% chance of a US strike on Iran by end-April.

Reports of rising output at Kazakhstan’s Tengiz field also weighed on prices.

Markets await weekly reports from the American Petroleum Institute and the Energy Information Administration.