India, Aug. 3 -- Brent Crude Oil Price Today (August 3): Brent crude prices tumbled more than 7% during early Asian trading on Monday, slipping below $84 per barrel, while West Texas Intermediate (WTI) crude dropped below $81 after US President Donald Trump announced fresh talks with Iran and said he had called off a planned military strike. The sharp decline came as investors shifted focus from escalating geopolitical tensions to renewed diplomatic efforts, although risks around the Strait of Hormuz continue to keep energy markets on edge.

Why are Crude Oil Prices Falling Today?

Oil prices came under heavy pressure after US President Donald Trump said fresh negotiations with Iran would begin on Monday. Speaking aboard Air Force One on ...