Oil falls at open as Trump signals fresh Iran strikes unlikely
In short
Oil prices fell when trading opened on Monday after Donald Trump said he was unlikely to order new attacks on Iran while talks continue.
The drop matters because shipping was still reported hit in or near the Strait of Hormuz, a major route for oil shipments.
What the reporting says
Oil prices fell at Monday’s open after US President Donald Trump said he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progress. The move came even as both countries reported shipping had been hit in or near the Strait of Hormuz, a key oil transit route. The comments eased some supply-risk concerns in early trading.
Why it matters
Oil prices moved lower at Monday’s open after Trump said fresh US attacks on Iran were unlikely if conflict-ending talks keep advancing. The reaction came despite reports from both countries that shipping had been hit in or near the Strait of Hormuz. That route is critical for global crude flows, so any easing in attack risk can quickly reduce the market’s immediate fear premium.