Oil Prices Fall as Trump Signals No New Attacks on Iran

Crude oil prices began the week with a decline, after President Trump signaled he had no immediate plans for further attacks on Iran. The decline comes despite fresh reports of attacks on tankers in the Strait of Hormuz and new strikes by the Yemeni Houthis on Saudi targets. 24 per barrel, both higher from the opening of trade in Asia but lower than last Monday.

“It depends on whether or not they sign a very strong agreement,” Trump told CNN in an interview on Sunday. S. president further elaborated that “They’re a failing nation. It just came out, you saw this year, 301% inflation. Highly unlikely it will be necessary. I would if necessary, but we hit them really hard.