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.

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.

Oil prices rose after Iran signaled it had no intention of holding direct talks with the United States.

Oil prices fell after Donald Trump said Iran had allowed 10 oil tankers to pass through the Strait of Hormuz.

SINGAPORE: Oil prices edged up on Friday despite US President Donald Trump extended a pause in attacks on Iran’s energy plants for 10 days, with investors on edge as an imminent…