Brent Crude Falls Below $90 as Trump Signals Conflict Could Wind Down

Oil prices dropped sharply on Monday, with Brent Crude slipping below $90 a barrel as markets reacted to comments from Donald Trump suggesting the U.S. conflict with Iran could soon wind down. In a phone interview with CBS News, Trump said the military operation was very complete and running well ahead of its initial four- to five-week timeline, adding that Iran had effectively lost its navy, communications and air force. The remarks appeared to calm markets after days of geopolitical tension that had driven crude prices sharply higher. U.S. equities also rebounded, with the S&P 500 and the Nasdaq Composite both rising more than 1% after earlier losses, as investors bet the conflict may not escalate further.