Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes
by Julia Kollewe from World news | The Guardian on (#77DXA)
Brent crude drops by 5% after US president claimed talks on Middle East peace deal would resume
Crude oil prices fell sharply while stocks and government bonds rallied on Monday after Donald Trump cancelled planned strikes on Iran and claimed peace talks were about to resume.
Brent crude was trading 5% lower at $83.47 a barrel by lunchtime, after falling as much as 7.3% to $81.55 a barrel. US West Texas Intermediate dropped more than 5% to $79.47 a barrel.
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