Oil plummets as Trump calls off Iran strikes

Oil prices plunged after Donald Trump called off strikes and said the US and Iran would hold peace talks.Brent crude, the international benchmark, sank as much as 9.5pc early on Monday morning to less than $82 a barrel after the US president said he had halted plans for “disastrous” strikes.Speaking on board Air Force One on Sunday, Mr Trump said: “Obviously, they don’t want to be attacked. They knew the extent of the attack because they saw it forming.“Now what we’re doing is we’re talking to them in the form of a negotiation. It begins tomorrow afternoon.”Mr Trump said that he had been asked by Iran as well as US partners Saudi Arabia, the United Arab Emirates and Qatar to hold off on strikes.The US president said on Saturday that he had halted plans for a massive attack against Iran, wh