Oil prices fall Monday

The price of crude oil per barrel has fallen as a result of uncertainty regarding Iran's response to American military intervention in its proxy war with Israel.

Oil pumps.

Since the beginning of market opening, the average price per barrel has fallen below $74, a total net decrease by nearly $2 per barrel. WTI crude is down 1.1%, Brent crude is down 1.1%, Murban crude (United Arab Emirates) is down 1.7%, and the price of gasoline has fallen by 0.8%.

Investors today have weighed in on Iran's response to the American bombings of nuclear facilities across Iran, including Fordow, Natanz, and Isfahan. The Iranian parliament elected a blockade of the Strait of Hormuz, where billions of dollars' worth of oil per day flows through.

Iranian coast guard vessel approaching an ocean liner.

But, Iran has yet to make a complete military response to the United States, rather continuing its bombing raids over key targets in Israel, including Tel Aviv.

President Trump urged investors not to buy into oil today. "EVERYONE, KEEP OIL PRICES DOWN, I'M WATCHING! YOU'RE PLAYING RIGHT INTO THE HANDS OF THE ENEMY. DON'T DO IT," said the president on his platform Truth Social.

But the president will not have the power to keep oil prices down, as supply and demand will dictate how prices trend in the near future.