Oil slips: US calls UN security council meet.

Oil prices have edged lower amid rising geopolitical tensions concerning Iran as the U.S. called for an emergency UN Security Council meeting. The markets interpreted this as a sign of increased diplomatic engagement rather than an imminent military response. Reports indicated that Trump advisers prefer swift action but cannot guarantee a rapid Iranian regime collapse, tempering expectations for a quick confrontation. Until new sanctions or military actions are declared, traders are reassessing risks and the potential impact on supply disruptions, with any shift in strategy likely to quickly reverse recent price movements.