{"id":36040,"date":"2026-06-02T12:25:22","date_gmt":"2026-06-02T10:25:22","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=36040"},"modified":"2026-06-02T12:25:22","modified_gmt":"2026-06-02T10:25:22","slug":"oil-falls-over-1-after-trump-says-talks-with-iran-ongoing","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/oil-falls-over-1-after-trump-says-talks-with-iran-ongoing\/","title":{"rendered":"Oil falls over 1% after Trump says talks with Iran ongoing"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Oil prices fell more \u200bthan 1% on Tuesday, paring the previous session&#8217;s sharp gains, after United States (US) President Donald Trump said talks with Iran \u200cwere ongoing.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Trump&#8217;s comments came despite a report that Tehran had suspended indirect negotiations with Washington to end hostilities.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Brent crude futures were down $1.52, or 1.6%, to $93.46 a barrel, while US West Texas Intermediate fell $1.43, or 1.6%, to $90.73 a barrel.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;The social media posts from \u200bTrump indicating a de-escalation of tensions are weighing on crude prices today,&#8221; said UBS analyst \u200bGiovanni Staunovo. &#8220;That said, oil flows through the Strait remain restricted.&#8221;<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Both benchmarks rose more than \u20605% on Monday, having fallen more than 16% in May on hopes of a peace deal.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":20970,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-36040","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Oil prices fell more \u200bthan 1% on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36040","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36040\/revisions"}],"predecessor-version":[{"id":36041,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/36040\/revisions\/36041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/20970"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=36040"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=36040"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}