WTI Crude Slips Towards $85 as Market Weighs Iran Conflict Risks

Oil prices are retreating as traders position cautiously ahead of a potential US military offensive against Iran. The West Texas Intermediate (WTI) crude oil price slipped towards $85 per barrel on Monday, pulling back from recent highs.

The market's reaction reflects a classic geopolitical premium: prices rise on fear of disruption, then retreat as traders lock in profits or reassess the likelihood of conflict.

A US military offensive against Iran would likely target Iranian oil facilities, refining capacity, or export terminals, potentially removing 1.5 to 2 million barrels per day from the global market.