Oil prices fall to 12-day low amid Middle East tensions

Oil prices fell on Monday to their lowest levels in 12 days, as investors continued to monitor geopolitical developments in the Middle East and the potential for diplomacy to end the conflict involving Iran.

During trading, both Brent crude and US West Texas Intermediate dropped below $100 per barrel, marking their lowest point since September 9.

This decline comes amid market uncertainty, with investors hoping for a diplomatic breakthrough that could ease tensions and restore stability to the region.

Analysts say that any progress toward a political solution could have a positive impact on global energy markets and help reduce price volatility.