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Oil prices slide on hopes of US-Iran deal
Key takeaways
- Peter Hoskins Business reporter Reuters Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran.
- On Saturday, US President Donald Trump said an agreement with Tehran had been "largely negotiated" and details would be announced soon but the following day urged his negotiating team not to rush an agreement.
- On Monday morning in Asia, global oil benchmark Brent was down by 5% at $98.36 (£57.10), while US-traded crude was 5.3% lower at $91.50.
Peter Hoskins Business reporter Reuters Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran.
On Saturday, US President Donald Trump said an agreement with Tehran had been "largely negotiated" and details would be announced soon but the following day urged his negotiating team not to rush an agreement.
On Monday morning in Asia, global oil benchmark Brent was down by 5% at $98.36 (£57.10), while US-traded crude was 5.3% lower at $91.50.
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