Oil Prices Slide as Trump Signals Pause in Iran Strikes

Oil prices fell on Tuesday, extending losses from the previous session after US President Donald Trump downplayed the need for additional military action against Iran "at this point," easing fears of sustained supply disruptions from the Middle East.

Brent crude futures LCOc1 declined 1.7% to $90.99 a barrel at 0759 GMT, while US West Texas Intermediate (WTI) futures CLc1 fell 1.8% to $85.20 a barrel. Both benchmarks had fallen about 2% in the session.

Brent settled down 5.85% in the previous session after sliding to its lowest since August 31.

Trump said on Monday he plans to hold off on new military strikes against Iran for the time being after appeals from countries in the region, including from Qatar's prime minister in White House talks.

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