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Commodities

Oil Prices Plummet Amid US-Iran Economic War Plan

Guavy AI Editorial Team
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Oil
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Oil prices dropped by 2.3% on Monday as investors anticipated the US plan to isolate Iran's economy, which President Donald Trump described as 'the most crushing' financial operation ever.

The drop in oil prices came as Asian stocks declined, with South Korea's tech-rich Kospi falling 1.4% after Samsung Electronics spent $80 billion buying back its own shares.

Nvidia, the world's most valuable company, is set to release its earnings report this week, and investors are looking for signs that the artificial intelligence boom will continue.

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