Oil prices fall below $100 as U.S.-Iran tensions keep traders focused on Strait of Hormuz risks

Brent crude futures fell 1.85% to $99.40 a barrel, while WTI futures rose 1.85% to $93.21 per barrel. President Trump warned that Iran would be attacked ‘at a much higher level’ if it doesn’t agree to a peace deal, raising concerns about the fragility of negotiations.