Oil prices fell after U.S. President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders.

Oil prices briefly plunged after Iranian reports said that American officials had agreed to suspend sanctions against its crude amid peace talks. | World News

LONDON, May 19 : Oil prices fell on Tuesday, with global benchmark Brent crude dropping 1.5 per cent, after U.S. President Donald Trump said he had paused a planned attack on Iran…

Oil prices fell on Tuesday after US President Donald Trump said that a planned attack on Iran had been paused to allow talks aimed at ending the Middle East conflict.

Crude oil futures drop as Trump cancels Iran strike, citing ongoing negotiations and ally requests, affecting market stability.

Brent futures for July delivery fell $1.98, or 1.8 percent, to $110.12 a barrel