Oil prices fall as Trump postpones Iran strike, easing supply disruption fears

Key points

• Trump said on Monday that he shelved plans for a "scheduled attack of Iran tomorrow" following requests from the leaders of Qatar, Saudi Arabia and the United Arab Emirates.
• International benchmark Brent crude futures for July delivery fell more than 2% to trade at $109.15 per barrel.
• The West Texas Intermediate futures declined 1.27% to $107.28 per barrel.
• Oil prices fell Tuesday after U.S.
• President Donald Trump said he would postpone a planned military strike on Iran following requests from key Middle Eastern leaders, easing fears of an imminent escalation that could disrupt global crude supplies.