Crude oil fell back below $93 a barrel after rising above $96 on Monday, as reported repairs to Saudi Arabia’s East-West pipeline eased concerns about disrupted supplies. Saudi Arabia has reportedly restored flows to around 3.5 million barrels per day after the pipeline was shut earlier this month following damage from a drone strike launched from Iraq. Geopolitical uncertainty remains central to the market. U.S. President Donald Trump is reportedly open to sanctions relief for Iran and the release of frozen funds if Tehran makes concrete progress toward a nuclear deal. Earlier, Trump rejected Iran’s conditional offer to reopen the Strait of Hormuz and told aides he expects U.S. strikes on Iran to resume after November’s midterm elections. Crude reached session highs as hopes for an imminent U.S.-Iran diplomatic breakthrough faded. Separately, a Saudi-led coalition in Yemen said on Saturday that it had intercepted projectiles launched by Iran-backed Houthi rebels.