Oil Stocks Drop. Battalion Oil Down 14%; Indonesia Energy Down over 9%; United States Oil Down 7%; Equinor Down 6%; Sable Offshore Down 5%

Oil stocks dropped on Monday. Battalion Oil down 14%; Indonesia Energy down over 9%; United States Oil down 7%; Equinor down 6%; Sable Offshore down 5%.

President Donald Trump said the U.S. and Iran have held productive talks over the last two days and he was halting any strikes on Iranian power plants and energy infrastructure.

While Iran's Fars news agency, citing a source, said there are no direct or indirect communications with the United States, despite U.S. President Donald Trump's recent statement about "productive" talks with Tehran.