Oil prices plummet as Trump claims he is close to US-Iran deal

Brent crude falls as optimism rises strait of Hormuz could reopen over the weekend Business live – latest updates Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of Brent crude began to tumble from about $93 a barrel in overnight trade after the US president called off further military strikes against Iran which were scheduled for the evening. Continue reading...

This story was reported by Business | The Guardian. EUROPES curates Europe's most relevant coverage — read the full report at the original source.

Read full coverage at Business | The Guardian →

Oil prices plummet as Trump claims he is close to US-Iran deal

More from Economy & Money

An emphatic victory for the Mail: how a £50m privacy case unravelled in court

EasyJet’s board has surrendered too easily to US bidder

Qatar says Iran fully responsible after tankers struck in strait of Hormuz

Remember water power in the renewables mix | Brief letters

Morocco multiplies its olive oil sales in Spain by 100: is it flooding the market?

Hundreds of jobs at risk as John Lewis announces closure of in-store services