Oil Prices Fall After Trump Denies New Strikes on Iran

Oil prices fell at the start of today's trading after US President Donald Trump stated that it is unlikely he would order new attacks on Iran amid progress in talks aimed at ending the conflict, despite both countries announcing attacks on ships in or near the Strait of Hormuz.

By 0138 GMT, Brent crude fell 84 cents or 0.85 percent to $97.48 a barrel. West Texas Intermediate crude dropped 32 cents or 0.35 percent to $90.51 a barrel.