Crude Oil Eases from Six-Month Peak as Traders Weigh Iran Risks

Deep News06:20

Crude oil retreated slightly from its highest level in six months.

Brent crude traded below US$116 per barrel after gaining more than 6% last week, while West Texas Intermediate hovered near US$102 per barrel.

Donald Trump told Fox News that whether to reach a deal with Tehran or "finish the whole thing off" would soon require a decision.

Washington recently ordered an expansion of evacuations of diplomatic personnel across the Middle East.

A person familiar with Tehran's thinking said Iran is preparing to face a fresh wave of strikes around the US midterm elections on November 3 and is ready to retaliate, with targets including Israel and the United Arab Emirates.

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