U.S. President Donald Trump's openness to talks with Iran's president Masoud Pezeshkian sends oil prices down 4.5%

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.