Crude oil prices fell 3.33% to $82.18 per barrel as U.S. Treasury Secretary Scott Bessent announced "Operation Economic Outcast," a comprehensive campaign to cut off five key Iranian economic lifelines and sanction nearly 60 entities. While Tehran stated it was prepared to retaliate against the economic offensive, some market participants interpreted the shift from potential military action to strict economic isolation as an indicator of de-escalating regional tensions.

Iranian officials also reported that the U.S. had signaled a desire to resume diplomatic negotiations.