US crude oil falls below $80 per barrel after Trump comments

US crude oil prices fell to their lowest level of the session, dropping below $80 per barrel, according to Asharq.

The decline followed comments from US President Donald Trump, who said his country and Iran are engaged in what he described as 'good' talks, adding that reaching an agreement would be better for Iran than its destruction.

Trump also emphasized that the US military could destroy most Iranian bridges in less than an hour, and warned that military action remains a strong possibility unless Tehran reaches a deal with Washington.