Mr Trump has again warned Iran of waning influence
International oil prices fell on Monday from gains to losses, with U.S. President Donald trump again warning Iran of increasing supply concerns, but trade tensions remained a source of uncertainty for oil supplies and a rebound in the dollar weighed on oil prices.U.S. WTI crude hit a low of $67.64 a barrel, while brent crude hit a low of $72.62 a barrel.
U.S. President Donald trump warned Iran earlier: "never threaten the United States again or Iran will suffer the consequences."The comments had provided strong support for oil prices amid concerns that U.S. sanctions could directly affect Iranian crude exports.
But a meeting of G20 finance ministers and central bank governors over the weekend again raised concerns about trade risks, which analysts said could provide some support to oil prices if the trade dispute intensifies.