By Laura Sanicola (Reuters) -Oil prices fell from seven-year highs on Monday as concerns over tight supply were offset by signs of progress in nuclear talks between the United States and Iran, which could lead to the removal of U.S. sanctions on Iranian oil sales. Brent crude was down 42 cents, or 0.5%, at $92.85 by 12:03 a.m. EST (1503 GMT), having earlier touched its highest since October 2014 at $94. U.S. West Texas Intermediate crude fell 93 cents, or 1%, to $91.38 after touching $92.73. U.S. President Joe Biden’s administration on Friday restored sanctions waivers to Iran to allow interna…