Middle East crisis live: Iran launches strikes on US bases in Gulf; oil prices drop after Trump ‘peace plan’ report

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Iran Guards said they fired missiles at Israel and US forces in bases in Kuwait, Jordan and Bahrain; crude oil prices fall sharply in early trading

Oil prices fell nearly 6% and Asian shares gained on Wednesday, after reports Donald Trump had sent a peace plan to Iran.

At 0030 GMT, a barrel of Brent crude was down 5.92% at $98.30. Benchmark US oil contract, West Texas Intermediate, was down 5.01% at $87.72.

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