Market data shows the amount of oil trade rose before the US President said he would postpone attacks on Iran's power plants.

Fears over a prolonged disruption in the Strait of Hormuz have kept investors on edge as oil prices swung in volatile trading Monday.

Stock markets had originally rebounded on Monday said Trump said he would hold off strikes on Iran.

Market data shows the amount of oil trade rose before the US President said he would postpone attacks on Iran's power plants.

Oil prices fell 5% after Donald Trump that Washington and Tehran are "in negotiations right now" and indicated Iran is keen to reach a peace agreement.

The US president said talks to end the war are underway with Iran - a claim that officials in Tehran have disputed.