Brent crude futures fell more than 7% last week before closing in on $88 per barrel in early Tuesday trading, following a period that included peaks above $110 in May and above $100 last month. Tankers were observed anchored off Oman on June 21, 2026, while President Trump stated that Washington was low-keying tensions. Coverage from left-center sources frames these developments primarily through U.S. policy and market volatility.