Oil prices fell after Iran proposed talks with the United States, raising hopes of easing tensions. LONDON: The price of oil fell on Friday (May 1) after Iranian media reported that Tehran had proposed fresh talks with the United States in a message sent via mediator Pakistan. A barrel of West Texas Intermediate (WTI) fell briefly more than five per cent, dipping below the symbolic US$100 mark, before clawing back to stand at US$101.7 by 3:30pm GMT (11:30pm, Singapore time). The other main US