Oil prices eased in early trading on Monday, falling further from a two-month high set last week, after the United States and Iran refrained from launching military strikes in the Persian Gulf.

Oil prices have fallen further in early trading after setting a two-month high set last week

Oil prices dropped after the US and Iran avoided fresh strikes. Brent fell below $93 as supply fears eased, though Middle East tensions continue to cloud the outlook.

Oil prices experienced a significant five percent decline on Monday. This drop occurred after the United States and Iran paused strikes over the weekend. Hopes for a diplomatic…