Brent crude futures experienced a decline, decreasing by 1.89 USD to 76.96 USD per barrel due to delays in US military decisions regarding the Israel-Iran situation. Despite this pullback, Brent prices remained about 3.8% higher over the week.
US stock futures fell over 0.3% as President Trump’s two-week deadline for military involvement loomed. The impending potential for conflict has investors on edge, reflecting uncertainties in the markets.
Analysts indicated that if the two-week deadline fails to resolve tensions swiftly, oil prices could remain elevated. Market reactions reflect fears of extended conflict affecting oil supplies and prices.
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