Oil prices slightly declined or supported by tensions in Iran.

In early Asian trading, oil prices edged slightly lower, but may be supported by the tense situation in Iran, which could lead to supply disruptions. In the near months, West Texas Intermediate Crude oil futures fell 0.2% to $60.52 per barrel, while Brent crude oil futures fell 0.3% to $65.40 per barrel. Gavin Friend, senior market strategist at National Australia Bank, commented that as US military forces move towards the Middle East, the market is increasingly concerned about the possible situation in Iran. Media reports citing US officials stated that the aircraft carrier "Abraham Lincoln" and its accompanying warships have entered the Middle East. This move provides President Trump with additional offensive and defensive capabilities in case he chooses to advance attacks against Iran.