Trump's Iran statement pushed oil down: Brent fell to $97.

Brent crude fell back to around $97 a barrel at the start of the week after US President Donald Trump conditioned further strikes on Iran on progress in negotiations, easing immediate supply fears. The pullback comes even as tanker attacks near the Strait of Hormuz continue, keeping uncertainty elevated in the market. Oil had been bid up on the prospect of a wider conflict disrupting flows through the world's most important crude chokepoint. Traders are now watching whether diplomacy advances or whether renewed strikes—and further attacks on shipping—reverse the decline. The next signals to track are any concrete negotiating steps between Washington and Tehran and the pace of incidents around Hormuz.