Oil prices fall as Trump pauses planned Iran attack
Oil prices fell over 2 percent after President Trump paused a planned attack on Iran for talks. Brent crude dropped to 109.09 dollars amid supply concerns.
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United States President Donald Trump paused a planned military strike on Iran, sending Brent Crude Oil down 2.7% to $109.09. Benchmarks had hit their highest levels since early May. The pause raises questions about whether de-escalation will hold or prove temporary.
West Texas Oil for June delivery fell 1.3% to $107.28 during overnight trading. Trump said Monday that a nuclear agreement with Iran is possible after he delayed military action to facilitate negotiations.
