May 26 : U.S. crude futures fell more than 6 per cent in early Asian trade on Tuesday after Nikkei reported that the U.S. and Iran are discussing a plan to reopen the Strait of Hormuz about 30 days after the two countries reach a deal to end hostilities.

U.S. West Texas Intermediate at 2205 GMT was down $5.90 or 6.1 per cent to $90.73 per barrel. The contract fell 6.5 per cent in the previous session.