Tuesday, April 3, 2007

Oil falls $1 as Iran diplomacy gathers pace

(Reuters) - "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," British Prime Minister Tony Blair told a radio station in Scotland.

Investors interpreted the comments as a favorable response to apparently conciliatory remarks by Iran, the world's fourth biggest oil exporter, late on Monday.


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