Oil prices fell 5% at the opening of the trading week Monday morning, trading at $83 per barrel, according to market analyst Yuval Sadeh (N12). Asian markets also declined in parallel.
Oil prices opened the trading week Monday morning at $83 per barrel, down 5% from Friday's close, according to market analyst Yuval Sadeh (N12). The decline extends a volatile Monday that began with a 5.5% drop earlier this morning after President Donald Trump announced a freeze on U.S. strikes against Iran, as The Zioneer reported at 03:39 Jerusalem. The new $83 level reflects continued market sensitivity to U.S.-Iran diplomatic developments, with Asian markets declining in parallel.
Earlier today, at 03:39 Jerusalem, The Zioneer reported that oil prices fell approximately 5.5% in early trading following Trump's freeze announcement. In a separate report at the same time, analyst Hananel Aviv noted the drop to around $80 per barrel and raised the question of whether Trump's statements represent an attempt to manipulate oil prices. The source base has evolved from a single analyst's assessment to multiple market reports confirming the price movement, though the $83 level is slightly higher than the ~$80 figure cited earlier.
As The Zioneer reported on June 22, President Trump had threatened to 'blow the sh*t out of' Iran over the Strait of Hormuz, linking the regime's survival to Hezbollah's actions. The IRGC declared the Strait closed to Israel-linked shipping on June 10 following reported U.S. strikes, and a peace deal between the U.S. and Iran on June 15 sent Brent crude to $83. The oil market has been highly volatile in recent weeks, with prices swinging on every major political signal regarding the Strait of Hormuz and the U.S.-Iran nuclear track.
What remains unclear is whether the price decline will stabilize or reverse as the trading day progresses. The market remains deeply sensitive to any further diplomatic signals from Washington or Tehran, and the broader economic impact of the volatility is still unfolding.
5 developments
Source and signal
- Open-source intake