In the early morning of the 16th Beijing time, US WTI crude oil futures closed down 0% on Monday.Fallout76crashingonstartup.3%. The market continues to pay attention to the development of tensions in the Middle East.

After Israel fended off large-scale Iranian air strikes, the United States stressed its desire to avoid a broader war in the Middle East.

West Texas Intermediate (WTI) futures for May delivery on the New York Mercantile Exchange closed down 0.25 U.S. dollars, or 0.29 percent, at 85.41 dollars a barrel.

Helima Croft, head of commodity strategy at Royal Bank of Canada Capital Markets (RBC Capital Markets), said on MondayFallout76crashingonstartup"Market participants have decided that this chapter in the war story is now over."

But after the WTI crude oil market closed, it was reported that the Israeli air force was ready to attack Iran immediately. During a visit to Nevadim Air Base on Monday, Israel Defense Forces Chief of General staff Herzi Halevy said Iran's missile and drone attacks on Israel "will be responded to". According to Israeli local media reports, on the same day, after several hours of discussion, the Israeli wartime cabinet confirmed that it would fight back against previous Iranian missile and drone attacks. Reported that Israeli officials decided to continue to meet on the 16th to discuss counterattack actions.