Episode Details

Oil prices experienced a slight dip on Monday, following hopes for a Middle East ceasefire, but the decline was limited due to Irans retaliation threat. Brent crude fell to $86.52, while WTI dropped to $82.77. Despite the ceasefire talks, geopolitical risks remain high, with Irans Supreme Leader warning of punishment for Israel. Last weeks four percent jump in oil prices, driven by OPEC cuts and conflict fears, has traders on edge, monitoring any changes in the region.

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