Crude Oil Prices Drop to USD 90 a Barrel Following Iran’s Attack on Israel

Crude oil prices dropped on Monday, April 15, following Iran's attack on Israel, with Brent futures settling at USD 90 a barrel, down 35 cents, and US crude futures ending at USD 85.41, down 25 cents. The market reaction stemmed from Iran's assault being less damaging than expected, easing fears of a significant conflict disrupting crude supply. Despite dropping over USD 1 earlier, prices partially rebounded after reports of Israeli Prime Minister Benjamin Netanyahu convening his war cabinet, indicating reduced geopolitical tension. Friday's anticipation of Iran's retaliation had driven prices to their highest since October. Israel's successful interception of Iran's assault, involving over 300 missiles and drones, further alleviated concerns of oil traffic disruption in the Middle East. Iran-Israel War: Booms and Sirens in Jerusalem After Iran Launches Over 200 Missiles and Drones in Unprecedented Attack.

Crude Oil Prices 

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