Oil prices plunge as Brent crude falls over 14%

Oil prices, including West Texas Intermediate (WTI) and Brent crude, have fallen sharply. WTI crude at one point dropped more than 12% to $85 per barrel, while Brent crude fell over 14% to $92 per barrel. The move follows U.S. President Donald Trump's earlier announcement that he had held talks with Iran and would suspend strikes on its energy facilities.