USO•Oil prices fell after U.S. President Donald Trump said fresh attacks on Iran were highly unlikely if talks progress. Brent was down 0.64% at $97.67 a barrel and WTI fell 0.40% to $90.51.
Brent fell 64 cents, or 0.64%, to $97.67 a barrel by 1134 GMT, while West Texas Intermediate fell 35 cents, or 0.40%, to $90.51. Brent briefly fell by more than $1 a barrel.
Trump told CNN that fresh attacks on Iran were highly unlikely to be necessary if the two sides sign a strong agreement. Both countries reported that shipping had been hit in or near the Strait of Hormuz.
