Trump’s Iran Threats Fail to Lift Oil Markets Early Monday

Light crude oil futures are edging lower early Monday, suggesting traders aren’t yet pricing in the breaking story from over the weekend that President Trump is considering military action in Iran. Trump first mentioned the idea on Friday when he warned that if the Iranian government began “killing people like they have in the past, we would get involved.”

“We’ll be hitting them very hard where it hurts,” he said at the White House. “And that doesn’t mean boots on the ground, but it means hitting them very, very hard where it hurts.”