Oil slides as US-Iran tensions ease and hopes rise for reopening Hormuz

Brent crude futures slipped US$5.52, or 6.28 per cent. Read more at straitstimes.com. Read more at straitstimes.com.

(Bloomberg) -- Oil dropped and US equity-index futures rose after President Donald Trump said fresh US-Iran talks would begin Monday, boosting optimism the two sides could reach a…

Brent crude futures fell $4.37, or 5%, to $83.56 a barrel, while U.S. West Texas Intermediate crude declined $4.63, or 5.5%, to $80 a barrel.