Oil Prices Plummet as Trump Unveils Economic Campaign Against Iran

Oil prices dropped by 2.3% on Monday as investors braced for details of a US plan to isolate Iran's economy, which President Donald Trump called 'the most crushing' financial operation ever.

The move follows weeks of turbulent trading in the tech sector, with Samsung Electronics announcing it spent $80 billion to buy back its own shares. The company's shares, along with those of SK hynix, peaked in June on optimism for the artificial intelligence boom but have since fallen amid investor jitters.

Nvidia, the world's most valuable company and a bellwether for the sector, is set to release its earnings report this week. Investors are looking to see whether the AI boom will continue to accelerate as technology takes over more corners of the broader economy.