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Oil Prices Fall as Trump Announces New Iran Talks, Halts Strikes

Oil prices have fallen significantly after President Trump announced that new talks with Iran would begin and that planned military strikes were canceled. This development has revived hopes for a new deal and impacted global oil markets.

3 Aug, 06:32 — 3 Aug, 07:46
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Sources

Showing 4 of 7 sources
bloombergHigh47m ago

Eyre: US Has to Cut Losses In Iran War

President Trump says the US will start new negotiations with Iran after he called off a planned attack on Iran partially in response to pleas from US allies in the Middle East, including Saudi Arabia. Alan Eyre, Distinguished Diplomatic Fellow at the Middle East Institute & Former Senior US diplomat told Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the probability of a deal with Iran. (Source: Bloomberg)

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CNNMostly Factual1h ago

President Trump: Iran talks will resume - CNN

President Trump: Iran talks will resume  CNN

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DawnMostly Factual2h ago

Oil tumbles as Trump cancels attack on Iran to reach deal aimed at reopening Hormuz

Oil prices tumbled more than $4 a barrel on Monday after US President Donald Trump held off on a fresh attack on Iran, seeking to reach a quick deal that would reopen the Strait of Hormuz. Brent crude futures slid $4.49, or 5.11 per cent, to $83.44 by 0408 GMT while US West Texas Intermediate crude was at $79.77 a barrel, down $4.90, or 5.79pc. Both contracts jumped more than 20pc last month after fighting between the US and Iran resumed and as attacks on several tankers around Oman heightene...

By none@none.com (Reuters)

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vanguard-ngMixed1h ago

Oil prices fall nearly 5% after US announces new Iran talks

Trump said on Sunday that fresh negotiations with Iran will begin on Monday after holding off on major strikes against the Islamic republic to pursue a deal. The post Oil prices fall nearly 5% after US announces new Iran talks appeared first on Vanguard News.

By Henry Oduah

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