• Oil fell after its first back-to-back weekly decline this year as traders weighed the potential next steps from Iran and Israel amid simmering tensions in the Middle East.
  • Brent slipped below $87 a barrel after losing 3.5% last week, the biggest drop since early February. There’s an uneasy calm over the market after prices whipsawed on Friday, with Iran downplaying Israel’s response to the Islamic Republic’s unprecedented drone and missile strike on the Jewish state.