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Oil prices fell, with global benchmark Brent crude dropping 1.5 per cent, after US President Donald Trump said he had paused a planned attack on Iran to allow for negotiations to end the war in the Middle East, AFP reports.
Brent futures for July were down $1.73, or 1.5pc, at $110.37 a barrel at 0825 GMT, while US West Texas Intermediate crude for June delivery, which expires on Tuesday, slipped 63 cents, or 0.60pc, to $108.03. The more active July contract fell 82 cents, or 0.8pc, to $103.56.
