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Oil falls as Trump downplays prospect of escalation with Iran
Oil prices edged lower on Tuesday, extending losses from the previous day, after US President Donald Trump said US military action against Iran is not necessary “at this point”, easing concerns about prolonged disruptions to Middle East supply. Brent crude futures fell 24 cents, or 0.23%, to $92.33 a barrel by 0102 GMT, while US West Texas Intermediate (WTI) futures fell 35 cents, or 0.40%, to $86.50 a barrel. Brent settled down 5.85% in the previous session after sliding to its lowest since August 31. Trump said on Monday he plans to hold off on new military strikes against Iran for the ...
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