Singapore, May 19 (QNA) - Oil prices fell more than 2% on Tuesday in ​early Asian trade after US President Donald Trump said he had paused a planned attack on Iran.

Brent futures for July delivery fell $3.01, or 2.7%, to $109.09 a barrel, while US West Texas Intermediate crude for June delivery fell $1.38, or 1.3%, to $107.28.

In the previous session, the benchmarks hit their highest levels since ​May 5 and April 30, respectively.

The June WTI contract expires on Tuesday, while the most active July contract ​fell $2.06 or 2% to $102.32 per barrel. (QNA)