Oil prices fell on Wednesday after President Donald Trump said US and Iranian representatives had met for “very good” talks at the United Nations.
International benchmark Brent crude and main US contract, West Texas Intermediate, were below the symbolic $100 mark that has been repeatedly breached since the Middle East war began in February.
Brent hit $98.41 and WTI lowered to $89.23 per barrel in afternoon Asian trading.
Trump told reporters the three-hour meeting was “very good,” “very productive,” and “they have another one scheduled in the very near future”.
The US leader’s statements came just hours after he delivered a bellicose address to the UN, saying he faced a “big decision” on whether to make a deal with Iran or “annihilate the Islamic Republic and do it quickly.”
Nearly seven months after US-Israeli strikes triggered war, the foes are at an impasse, with Iran keeping the Strait of Hormuz closed and the
This post was originally published on this site.
