The market is counting on a breakthrough. Oil prices are down sharply.
U.S. oil futures for WTI fell by $2.23 to $101.04 per barrel, while Brent crude dropped by $2.21 to $114.51. Prices rose last week due to Houthi attacks in Saudi Arabia, raising supply concerns. Trump commented on Iran's oil, suggesting the U.S. could take control if desired. He noted Iran's economic struggles and high inflation. Meanwhile, Houthi rebels attacked Riyadh's airport and Saudi military bases, prompting concerns over escalating conflict in the region. Analysts warn that rising tensions could lead to higher oil prices, potentially reaching $150 per barrel.