Oil prices plummeted early this week following a limited response from Israel to Iran’s missile strike, alleviating market fears of significant conflict escalation. Iran’s Supreme Leader Ayatollah Ali Khamenei signaled no immediate retaliation, easing tension further. West Texas Intermediate dropped on Sunday, while Brent futures fell before stabilizing. Analysts suggest the reduced risk of a Middle Eastern supply disruption will shift focus back to global oil fundamentals.
