Oil prices tumble amid geopolitical jitters

Crude oil benchmarks fell more than 4 % on Monday as traders reacted to the joint US‑Japan yen‑support operation and renewed concerns over supply disruptions from the Iran‑Russia war.

Analysts warned that any further escalation could reverse the price decline, while the strengthening yen may dampen Asian demand for oil.

The market remains highly sensitive to geopolitical developments and central‑bank communications.