Oil futures fall in early Asian trade amid hopes for easing Middle East tensions
Front-month West Texas Intermediate futures fell 0.5% to $90.37 a barrel, while Brent fell 1.0% to $97.37 in early Asian trade amid hopes for easing Middle East tensions. President Trump said renewed strikes were “highly unlikely” if negotiations progressed on Iran’s nuclear program and reopening the Strait of Hormuz. Iranian Foreign Minister Abbas Araghchi, however, said there had been no progress in talks with the U.S.