Oil prices stabilized after Donald Trump played down the prospect of new strikes against Iran. Brent crude currently trades at $98.35 a barrel, while U.S. WTI crude rose 0.5% to $91.30 a barrel. Previously, Brent crude fell 16% last week, marking its largest weekly drop since the early days of the COVID-19 pandemic. Sugandha Sachdeva, founder of SS WealthStreet, noted that despite recent optimism surrounding potential diplomatic breakthroughs, geopolitical risks remain high and the possibility of a renewed military escalation cannot be ruled out. Earlier, U.S. President Donald Trump told CBS News that he "does not want" to escalate the war with Iran.