Oil prices set for 12% weekly drop despite tanker attacks in Gulf

Oil prices are on track for a 12% weekly decline even after tanker attacks in the Gulf, signaling that traders are pricing in geopolitical de-escalation rather than supply disruption. The drop matters because it points to stabilizing energy costs, which can ease inflation pressure and influence risk appetite across crypto and other markets. Watch next whether the de-escalation holds and whether oil extends its slide or rebounds if fresh Gulf incidents revive supply concerns.