AFP, Hong Kong

Oil prices fell on Monday on optimism over US-Iran talks, with mediators flagging a “roadmap” to a final agreement, while equities were mixed.

After a meeting planned for Friday was cancelled owing to fighting between Israel and Hezbollah, the negotiations finally got underway on Sunday in Switzerland with teams led by US Vice President JD Vance and Iran’s Mohammad Bagher Ghalibaf.

Traders remain in buoyant mood after news that the two foes had paused their conflict, which had sent energy costs soaring and stoking inflation, sending shivers through the global economy.