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International Business Times
International Business Times
Business

Trump Said He's Halting Attacks And Resuming Talks With Iran. Oil Prices Are Plunging

Donald Trump Iran Oil Esmail Baghaei
Oil prices are falling on Monday after President Donald Trump said he's halting attacks against Iran and resuming talks to end the war. (Credit: Mario Tama/Getty Images)

Oil prices are falling on Monday after President Donald Trump said he's halting attacks against Iran and resuming talks to end the war.

Brent crude, the international benchmark, fell about 5% and stood just above $83.50 a barrel at 6:36 a.m. ET, while West Texas Intermediate, the U.S. benchmark, dropped 6% and clocked in at $79.59 a barrel at the same time.

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