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International Business Times
International Business Times
Business

U.S.-Iran Tensions Remain High As Washington Begins 'Economic D-Day.' Oil Is Dropping Anyway.

Oil is dropping on Monday even as tensions between the U.S. and Iran remain high.

Oil prices are falling on Monday even though tensions between the U.S. and Iran remain high and Washington announces the beginning of an "economic D-Day" against Tehran.

Brent crude, the international benchmark, fell 1.50% at 9:24 a.m. ET and clocked in at $91.60 a barrel, while West Texas Intermediate, the U.S. benchmark, dropped .1.89% and stood at $85.50 at the same time.

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