Oil prices tumbled on Wednesday as Brent crude slipped below $100 (£74.79) a barrel after US President Donald Trump claimed in Washington that negotiations to end the war with Iran were under way and close to agreement, even as officials in Tehran angrily denied any such talks and insisted American claims were simply not credible.
Brent crude fell around 5% to $99.29 (£74.25) a barrel, while US‑traded oil slid by more than 5.5% to $88.41 (£66.12). Those figures, according to report, mark a sharp swing lower but still leave prices well above the levels seen before 28 February, when the US and Israel launched their latest attacks on Iran.
