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Oil prices fell on Monday, with Brent crude down 1.66% to $102.15, due to "surprisingly strong" crude flows from the Middle East; Donald Trump issued a strong warning about a potential US-Iran war.
JPMorgan Chase analysts noted in a September 18 report that despite the disruption to Saudi Arabia's East-West oil pipeline, crude oil flows from the Middle East remained "surprisingly strong," averaging 17.1 million barrels per day over the past 10 days. Meanwhile, U.S. President Donald Trump, in an interview with Fox News, stated that he is in "decision mode" regarding a "very big thing" about to happen concerning a U.S.-Iran war, and warned Iran that "they better be good."
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Next: China's A-share market saw its three major indices rise collectively in early trading, with the ChiNext Index once gaining over 1%. Hong Kong's Hang Seng Tech Index surged before pulling back to losses, while the Biotech Index soared nearly 5%. Crude oil prices fell sharply by 6%.
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