Oil prices fall nearly 5% after US announces new Iran talks
(Photo by Mandel NGAN / AFP) Oil prices tumbled on Monday in early Asia trade after US President Donald Trump announced fresh talks with Iran to end the Middle East war and reopen the Strait of Hormuz.
Hours after the US had called off major strikes Iran on Sunday said it was nearing a deal with Oman over a new route through the Strait of Hormuz.
Trump said on Sunday that fresh negotiations with Iran will begin on Monday after holding off on major strikes against the Islamic republic to pursue a deal.
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