00:00Oil prices dropped to their lowest in 11 days on Monday, as investors hope to see diplomatic progress on the
00:06Iran war with the UN meeting this week.
00:10On Monday, both Brent crude and US West Texas hit their lowest since September 10, approaching $100 a barrel.
00:17It comes after Iran and the US exchanged fresh threats on Sunday, although Donald Trump said he would be willing
00:23to meet with his Iranian counterpart, who is expected to attend the UN General Assembly.
00:29Tehran has reportedly expressed its conditions to mediators for re-engaging in discussions.
00:34However, fighting in the region has raged on, as Yemen's Iran-backed Houthis said they had attacked the Saudi capital
00:40and the Aramco facility in the Red Sea city of Yanbu.
00:45Following the attacks, China has urged Tehran to help fight the Houthis.
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