Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’

Brent crude drops below $90 and markets climb after president downplays prospect of further strikes Business live – latest updates Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over” .

Brent crude, the global oil benchmark, fell nearly 3% to $89. 66, the lowest since 31 August, on Tuesday morning, after the US…