Tuesday, April 3, 2007

Oil falls over $1 as Iran diplomacy gathers pace

(Reuters) - U.S. crude settled down $1.30 at $64.64 a barrel, while London Brent fell 93 cents to $67.81 a barrel following comments by British Prime Minister Tony Blair on apparently conciliatory remarks by Iran.

"We're not looking for a confrontation over this and, actually, the most important thing is to get people back safe and sound. And, if they want to resolve this in a diplomatic way, the door is open," Blair told a radio station in Scotland.


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