TOKYO, May 26 — The price of the main US benchmark for oil fell more than 5 per cent on Tuesday, despite US forces launching new strikes on Iran.Around 0030 GMT, the price of...

Brent crude dropped as much as 5.1 per cent to US$98.22 a barrel. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices tumbled over 5% on Monday, falling below the $100 per barrel mark, buoyed by optimism over a potential agreement aimed at ending the US-Iran war. The market reaction…