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The Independent UK

National

Via AP news wire

Oil prices ease after US and Iran pause their attacks

Oil United States Iran

Oil Prices - (AP Photo/Amirhosein Khorgooi)

Oil prices eased in early trading Sunday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf for a second straight day.

The price for a barrel of Brent crude oil to be delivered in September dropped 4.9% to $92.02 shortly after trading resumed. The decline followed a 3.9% drop on Friday.

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