Oil falls below $100 after Trump comments on Iran talks

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Oil prices fell back below the key 100 dollars per barrel mark after U.S. President Donald Trump said Iran was willing to negotiate, easing market concerns over supply disruptions.

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Brent crude for May delivery slipped just under 100 dollars a barrel following Trump’s remarks, dropping around 4 prt cent within minutes.

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Prices had surged in recent weeks in the ongoing conflict with Iran, briefly approaching 120 dollars a barrel.

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Before the conflict began, Brent had traded between 60 dollars and 70 dollars for several months.

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The rise in oil prices has pushed up the cost of fuels such as petrol, diesel, and heating oil.

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Trump told reporters that Iran was open to talks.

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“We’re actually talking to the right people, and they want to make a deal so badly, you have no idea how badly they want to make a deal,” he said.

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Iran had previously denied any willingness to negotiate, and there was no immediate official response from Tehran to Trump’s latest comments.

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(dpa/NAN)

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