US-Iran war, March 31 -- Oil prices snapped gaining streak on Tuesday, March 31, after reports revealed that US President Donald Trump had told aides he was open to ending the Iran conflict without reopening the Strait of Hormuz.

Brent crude futures for May declined by $1.22, or 1.08%, to $111.56 per barrel, after having risen about 2% earlier in the session. The May contract expires on Tuesday, while the more actively traded June contract was quoted at $105.76.

Meanwhile, US West Texas Intermediate (WTI) crude futures for May dropped 98 cents, or 0.95%, to $101.90 per barrel, after touching their highest level since March 9 during early trading.

Donald Trump has indicated to aides that he may be prepared to halt the military campaign ...