Oil Drops as Iran Diplomacy Prospects Pick Up

Oil dropped for a third day as supply concerns eased and traders looked to the next round of diplomacy that’ll shape the conflict. US President Donald Trump told Axios he was approaching a "big decision" on whether to re-escalate attacks on Tehran, with a meeting with Persian Gulf nations planned for next week in New York. Bloomberg's Stuart Livingstone-Wallace breaks down the situation. (Source: Bloomberg)