With the start of the working week in East Asia, oil prices showed a slight decline, such that each barrel of Northern Brent oil was traded at $97.69 on Monday morning in East Asian markets.

New statements by Donald Trump in an interview with CBS, in which the U.S. president said he does not intend to intensify the confrontation with Iran, may help the downward trend in oil prices throughout the day.

However, reports of at least three maritime incidents involving commercial vessels and oil tankers in the Persian Gulf and the Strait of Hormuz during Sunday could inject concerns back into energy markets.

📷Reuters