Oil Stays Under $100 as Trump Eases Iran Strike Talk, But Hormuz Ship Attacks Continue

TLDR Brent crude fell to about $97 a barrel on Monday after Trump said new Iran strikes were unlikely. Brent dropped around 16% last week, its biggest weekly fall since the Covid-19 pandemic began. No ships crossed the Strait of Hormuz on Sunday, according to Iranian media. Houthi forces claimed an attack on Saudi Aramco’s Riyadh office, causing only window damage. Iraq says it has a deal with Washington to ship crude through a lane near Oman. Oil prices slipped on Monday, with Brent crude staying below $100 a barrel. Traders reacted to comments from President Donald Trump, who said further U.S. strikes on Iran were highly unlikely. Attacks on ships and Saudi sites kept supply worries in place.

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