Commodities
Trump's US-Iran Talks Send Oil Prices Plummeting Below $100
Oil prices dipped on Wednesday after President Donald Trump announced that US and Iranian representatives had held 'very productive' talks at the United Nations.
The meeting, which lasted three hours, was described as 'very good' by Trump, who also stated that another session is scheduled for soon.
Trump's announcement came just hours after he delivered a bellicose address to the UN, in which he said he faced a 'big decision' on whether to make a deal with Iran or 'annihilate the Islamic Republic and do it quickly'. Brent crude and the main US contract, West Texas Intermediate, dropped to $98.91 and $89.93 per barrel respectively in early Asian trade.