Brent crude oil futures held above $64 per barrel on Monday after slipping earlier in the session, consolidating after a fourth consecutive weekly gain as investors adjusted positions amid shifting geopolitical and supply signals. Tensions around Iran eased after President Donald Trump signaled he may delay military action following Tehran’s pledge not to execute protesters, reducing immediate fears of supply disruptions. Still, Trump warned that tougher measures could return if executions resume. Meanwhile, renewed trade tensions weighed on the demand outlook after Washington announced plans to impose a 10% tariff on imports from eight European countries starting in February, potentially rising to 25% in June unless a deal over Greenland is reached. Expectations of a near-term supply surplus also pressured prices, though losses were limited by ongoing disruptions to Kazakh exports through the Black Sea that continue to tighten parts of the physical market.