Live: Trump says new talks with Iran to begin Monday after calling off strikes

US President Donald Trump said that negotiations with Iran will begin Monday after he decided to hold off on new strikes against the Islamic republic to pursue a deal. Read our live blog to see how events unfolded. Oil tumbles as Trump cancels attack on Iran to reach nuclear deal Oil prices lost more than $5 a barrel at Monday's open after US President Donald Trump held off from a fresh attack on Iran, in order to reach a quick deal that would halt Tehran's nuclear ambitions and reopen the Strait of Hormuz. Brent crude futures slipped $5.52, or 6.28%, to $82.41 by 2202 GMT while U.S. West Texas Intermediate crude was at $79.40 a barrel, down $5.27, or 6.22%. Trump says new talks with Iran to begin Monday after calling off strikes US President Donald Trump said that negotiations with Iran will begin Monday after he decided to hold off on new strikes against the Islamic republic to pursue a deal. "Obviously, they don't want to be attacked. They knew the extent of the attack because they saw it forming," Trump told reporters on Sunday aboard Air Force One. "Now what we're doing is we're talking to them in the form of a negotiation. It begins tomorrow afternoon." Israeli airstrikes hit Gaza for a second straight day, killing at least 18 Palestinians, medics said, despite US President Donald Trump's announcement of a breakthrough in efforts to implement last year's ceasefire agreement. The crew of an Iranian commercial ship that was hit in a Ukrainian attack and the body of a sailor killed in the incident have returned to Iran, according to Iran's semi-official ISNA news agency in a report on Sunday. Iran on Sunday said it was nearing a deal with Oman over a new route through the Strait of Hormuz, hours after the US called off major strikes to allow for diplomacy.