Oil drops more than 5% as Trump signals Iran talks despite Tehran denial

An Iranian security worker monitors an area in phase 19 of the South Pars gas field in Assalooyeh, on Iran's Persian Gulf coast, on Aug. 23, 2016.Oil prices fell more than 5% Wednesday after U.S. President Donald Trump said that Washington and Tehran are "in negotiations right now" and indicated Iran is keen to reach a peace agreement, despite the Islamic Republic denying any direct talks with the U.S.International benchmark Brent crude futures fell nearly 6% to $98.31 per barrel, while U.S. West Texas Inte ...