CNBC | Oil back below $40 as Iran dashes hopes for quick deal on output CNBC Oil fell around 3 percent on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing. Global benchmark Brent crude futures fell back ... Iran Just Trashed the Oil Price Recovery Party So, oil's price swoon is over? Don't believe it Oil falls as Iran dashes hopes for quick deal on output |