Oil falls as Trump downplays prospect of escalation with Iran

NEW DELHI: Oil prices fell on Tuesday, adding to the previous day’s losses after US President Donald Trump downplayed ​the need for military action against Iran “at this point,” easing fears of sustained supply disruptions ‌in the Middle East. Brent crude futures declined 70 cents, or 0.75 percent, to $91.88 a barrel by 05:46 a.m. Saudi time, while US West Texas Intermediate futures fell 78 cents, or 0.90 percent, to $86.07 a barrel. Both benchmarks had fallen 1 percent ​earlier in the session.

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