Oil sinks 5% to under $60, after Trump says Iran is 'standing down' in Middle East fight

Oil sinks 5% to under $60, after Trump says Iran is 'standing down' in Middle East fight This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/01/07/oil-prices-surge-4percent-following-attack-on-iraq-airbase.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel   Digital Products Feedback Privacy Policy CNBC Events   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS