Brent Drops 1.87% as Bessent Vows to Sever Iran’s Economic Lifelines

Brent crude fell 1.87% to $92.63 on Monday, giving back part of last week’s rally as traders assessed Washington’s escalating pressure campaign on Iran. West Texas Intermediate slid 1.97% to $85.35. The selling ran across the energy complex, with natural gas, gasoline, and heating oil each losing between 1.68% and 1.88%. Why Oil Prices Fell