Oil falls below $90 a barrel amid hopes of US-Iran deal

Oil prices fall around 5 percent, to below $90 a barrel, after US President Donald Trump again says an Iran peace deal could be close.

The international benchmark Brent crude falls below $90 for the first time since April 14, while its US counterpart, West Texas Intermediate crude, falls to around $86 a barrel.

The relief comes just a day after crude surged as Iran and Israel briefly resumed strikes amid a fragile ceasefire in the war.

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