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Oil prices retreated after Iran's foreign minister said there had been "major progress" toward ending the fighting in Lebanon during the first session of high-level talks.
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Oil prices climbed on Monday after U.S. President Donald Trump threatened renewed military action against Iran.
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President Trump has threatened further attacks on Iran while Vice President Vance attended talks with Iranian officials in Switzerland on Sunday.
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;Resize=(620)) Calgary police say one person was taken to hospital in life-threatening condition after an officer-involved shooting on Deerfoot Trail S.E. near Memorial Drive S.E. on Sunday.
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U.S. Vice President JD Vance and top Iranian officials are trying to build out the interim deal to end the war in Iran reached by the two sides last week. They are meeting at a Swiss mountainside resort near Lake Lucerne.
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An American delegation, led by Vice President JD Vance, was meeting with Iranian negotiators. The conflict in Lebanon is complicating efforts to reach a broader peace and keep the Strait of Hormuz open.
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The first peace talks between the United States and Iran were postponed Friday, as Vice President JD Vance cancelled his planned travel to Switzerland and intense new Israeli strikes in Lebanon cast doubts on the deal to end the war.
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