On Monday, West Texas Intermediate crude oil fell 4.5% to $95.78 per barrel after U.S. President Donald Trump said he was open to talks with Iranian President Masoud Pezeshkian. The decline was also supported by reports that Trump decided not to attack Yemen's Houthi rebels and that Middle East oil flows remained strong. Analysts noted that markets were reassured by the potential for increased crude supply despite ongoing conflicts.
We’ll perform a deep-dive analysis of all sources and publicly available external materials, then prepare a structured timeline of events, an in-depth report explaining the background and context, and multiple perspectives.