AI Summary

Brent crude fell 2% early Monday, trading at $96.38 per barrel as markets reacted to President Trump’s statement that he sees no reason to expand the war with Iran. The price decline continues a week‑long downward trend after oil had risen sharply following the U.S. and Israel’s launch of the conflict. Iran has responded to the war by attacking and threatening commercial vessels in the Persian Gulf and the Strait of Hormuz, key energy routes. Although current prices remain about 50% above pre‑war levels, they are lower than the near‑$120 per barrel peak seen during the height of fighting.

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