Oil falls below $100 after Trump reports talks with Iran

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Brent crude oil prices dropped below $100 following US President Donald Trump's announcement of productive talks between US and Iranian representatives. Additionally, reports of Saudi Arabia restarting a crucial oil pipeline contributed to the decline in oil prices.

Brent crude fell in early Asian trading after Donald Trump said US and Iranian representatives had held what he called “very productive” talks. Reports that Saudi Arabia is restarting a key oil pipeline also weighed on prices.