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Oil Prices Fall as Trump Delays Iran Strike and Hormuz Deal Nears Completion
['Kelvin Munene']
MoneyCheck
Trump said Iran and Middle Eastern countries asked Washington to pause military action this weekend.
Iran said Oman-led talks over the Strait of Hormuz were in final stages on Monday.
Oil had risen earlier as markets watched threats around the Strait of Hormuz, a key passage for global energy shipments.
Hormuz Talks Move Into FocusTrump said the proposed agreement would include the “Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat.”
Foreign Minister Abbas Araghchi said talks between Iran and Oman over the Strait of Hormuz were in their final stages.