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Commodities

Oil Prices Fall on US Plan to Isolate Iran's Economy

Guavy AI Editorial Team
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Oil
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Oil prices dropped on Monday as investors awaited details of the US plan to isolate Iran's economy. President Donald Trump described it as 'the most crushing' financial operation against Tehran.

The move comes as the war in the Middle East nears its six-month mark, with the US warning allies and China to join the campaign. Both main crude contracts fell 2.3%, with Brent sitting at $92 a barrel.

In other news, Samsung Electronics spent a massive $80 billion buying back its own shares following turbulent trading. The chip giant's shares peaked in June on optimism for the AI boom but have since fallen amid investor jitters and a broader tech rout.

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