Oil prices are falling after the first round of US-Iran talks in Switzerland.

Accordingly, Brent crude oil futures for August delivery fell $1.58 (1.96%) to $78.99 a barrel on the ICE Futures stock exchange in London. On Friday, Brent had risen $0.72 (0.9%) to $80.57 a barrel.

And the oil’s August futures fell $0.59 (0.78%) to $75.26 a barrel at the New York Mercantile Exchange (NYMEX). But the main trading session of NYMEX was not held on Friday due to a holiday in the US.