Crude oil plummeted at the opening of the Asian market. Earlier, there were reports that Israel might avoid attacking Iran's energy production facilities. The Texas Intermediate oil contract, which fell 2.3% in US trading, fell 2.9% to $71.70 per barrel. Two people familiar with the matter said that Israeli Prime Minister Binyamin Netanyahu indicated to the Biden administration that he is willing to attack the Iranian military rather than oil or nuclear facilities.

Crude oil plummeted at the opening of the Asian market. Earlier, there were reports that Israel might avoid attacking Iran's energy production facilities. The Texas Intermediate oil contract, which fell 2.3% in US trading, fell 2.9% to $71.70 per barrel. Two people familiar with the matter said that Israeli Prime Minister Binyamin Netanyahu indicated to the Biden administration that he is willing to attack the Iranian military rather than oil or nuclear facilities.