Oil prices slip: Crude prices fall over 2% after Trump calls for diplomacy with Iran
Oil prices fell on Tuesday after US President Donald Trump said that a planned attack on Iran had been paused to allow talks aimed at ending the Middle East conflict.
Brent crude for July delivery dropped by $3.01, or 2.7%, to $109.09 per barrel at 0001 GMT. US West Texas Intermediate crude for June delivery also fell by $1.38, or 1.3%, to $107.28 per barrel. In the previous session, both benchmarks had touched their highest levels since May 5 and April 30 respectively.
