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

Oil prices climbed on Monday morning after US President Donald Trump sent a new warning to Iran via social media.

Gulf states face further attacks as global inflation increases amid oil market shock

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