Oil Dives as Trump Eases Iran Threats, Hints at Possible War End

Oil fell sharply on Monday, again posting one of the biggest price swings on record, after US President Donald Trump said he was holding off on striking Iranian power plants and was negotiating a potential end to the war.

Brent and West Texas Intermediate both tumbled more than 14% before clawing back some losses, with the global benchmark closing below $100 for the first time in almost two weeks.