Oil prices fall after Trump pauses planned Iran attack

Oil prices fall after Trump pauses planned Iran attack Oil prices dropped by more than one percent after US President Donald Trump said he had paused a planned attack on Iran to allow negotiations aimed at ending the US-Israeli war on Iran. Brent crude futures fell to just above $110 a barrel following the remarks, while US oil futures dropped to $103 a barrel. Markets are closely watching talks between Washington and Tehran amid concerns over the continued closure of the Strait of Hormuz. Before the disruption, the waterway handled roughly one-fifth of global oil and liquefied natural gas supplies each day.

Original source: Middle East Eye