Oil prices fell sharply at the beginning of the week. Although the Houthis claimed to have launched an attack on Saudi targets, the suspension of US air strikes on Iran over the weekend mitigated energy supply risks in the Middle East region. Brent crude oil, the global benchmark, fell more than 7% within a few minutes of opening. After falling below $90 per barrel, it then rebounded to around $92. European gas prices have also plummeted. After 13 consecutive days of attacks on Iran, the US military suspended operations since last Friday night, triggering speculation about Trump's next move. The Iranian military said that Tehran has suspended counterattacks.

Oil prices fell sharply at the beginning of the week. Although the Houthis claimed to have launched an attack on Saudi targets, the suspension of US air strikes on Iran over the weekend mitigated energy supply risks in the Middle East region. Brent crude oil, the global benchmark, fell more than 7% within a few minutes of opening. After falling below $90 per barrel, it then rebounded to around $92. European gas prices have also plummeted. After 13 consecutive days of attacks on Iran, the US military suspended operations since last Friday night, triggering speculation about Trump's next move. The Iranian military said that Tehran has suspended counterattacks.