Oil prices have fallen sharply after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz keep supply concerns in focus, Reuters.
Brent crude has slid by $3.49, or 3.6 per cent, to $94.83 a barrel by 1219 GMT (5:19pm PKT), while US West Texas Intermediate has lost $2.66, or 2.9pc, to $88.17.
