Global oil prices fall below $83 a barrel to hover at 3-week low after Trump calls off planned attack and says Iran talks to resume Monday

Oil prices tumbled more than 6% on Monday as hopes of a diplomatic breakthrough between the United States and Iran erased part of last month's rally. However, uncertainty over the…

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.

Oil prices declined over 4% after U.S