Oil prices drop 7% to three-week low after Trump cancels attack on Iran

NEW YORK, Aug 3 : Oil prices fell about 7 per cent to a three-week low on Monday after U.S. President Donald Trump held off on a fresh attack on Iran in the hope of sealing a quick deal that could boost oil supplies from the Gulf.Front-month Brent futures fell $6.35, or 7.0 per cent, to settle at $83.77 a bar

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