Brent crude oil futures fell to $67.3 per barrel on Monday, extending the weekly decline, as easing tensions between the US and Iran alleviated concerns of potential supply disruptions in the Middle East. President Donald Trump said that Washington had held “very good” talks with Iran and that further negotiations were planned for early this week. However, he also warned that “consequences” would be very steep if Tehran failed to reach an agreement over its nuclear program. Meanwhile, investors are closely monitoring crude flows from India, with Trump announcing last week that New Delhi had agreed to halt oil imports from Russia as part of a broader trade deal, though Indian authorities have yet to officially confirm this commitment, instead stressing that safeguarding energy security remains their top priority. Earlier in the year, oil prices had rallied amid heightened geopolitical risks and temporary disruptions to output, despite concerns over ample supply.