Oil prices fell Tuesday after U.S. officials said Israel had assured the Biden administration that it wouldn't target Iran's oil or nuclear facilities in a planned a

U.S. crude futures fell more than 4% on Tuesday, after Israel reportedly told the U.S. that it is not planning to strike Iran’s oil facilities, relieving fears that a major supply disruption in the Middle East is on the horizon.

Oil fell for a third session after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over a major supply disruption.