Environment

Oil slides as traders assess Middle East developments with Iran attacks keeping markets jittery

In an aerial view, the Marathon Petroleum Corp’s Los Angeles Refinery is seen on April 2, 2026 in Carson, California.

Justin Sullivan | Getty Images

Oil prices declined after closing sharply higher on Monday, as traders continue to assess the risk of immediate supply disruptions amid renewed tensions between the United States and Iran.

Futures for international benchmark contributed to this report.

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