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Chart plotting WTI crude oil prices at selected key sessions from January through Monday sharp morning decline.

Yemen's Houthi rebels claimed the first direct strike on Saudi oil infrastructure in four years over the weekend, briefly sending Brent crude above $100 a barrel before it eased to about $90.75 by Monday. The bigger price move came from a quieter signal: the United States quietly paused its overnight bombing campaign against Iran late Friday without a formal announcement, and Tehran reportedly reciprocated. Behavioural finance research on the availability heuristic helps explain the gap between the vivid, photographed strike and the quieter diplomacy now driving the larger move.

This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.

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