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Oil prices fell after Iran reportedly said it would suspend attacks as long as a U.S. pause in hostilities remains in place.
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Crude prices are sinking as negotiations between Iran and the U.S. replace the tit-for-tat attacks that have dominated the last few weeks.
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;Resize=(620)) The U.S. paused its attacks on Iran for a second straight day on Sunday, and Tehran said it had done so, too, as efforts continued to bring the countries back to negotiations on an interim ceasefire deal largely undermined by recent exchanges of fire.
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President Trump put off plans to escalate the fighting in part because of dwindling stockpiles of interceptor missiles, American officials said.
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No strikes have been reported from either side since Friday, leaving oil investors optimistic about a resolution to the conflict.
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Unlike most central banks, the MAS manages medium-term price stability by managing the Singapore dollar exchange rate against a trade-weighted basket of currencies.
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