Oil prices plunge and Europe’s markets rally after Trump calls off Iran strikes
- Trump cancelled Iran strikes, citing possible resumption of peace talks
- Brent crude fell about 5% to $83.47 a barrel
- UK petrol and diesel prices still hit new highs despite the rally
Oil prices fell sharply and European stocks and government bonds rallied on Monday after Donald Trump cancelled planned strikes on Iran and said peace talks were set to resume, easing fears of a wider Middle East conflict disrupting oil supplies. The move reverses some of the sharp rises…