Brent crude drops over 8%, TTF gas falls 10% amid Middle East and Fed focus

Brent crude oil fell more than 8% on Monday — at one point down as much as 10% — while European benchmark gas at the TTF hub in Amsterdam dropped around 10% to approximately €57 per MWh. Investors are monitoring developments in the Middle East and an upcoming Federal Reserve meeting. The moves represent one of the sharpest single-day falls in energy commodity prices in recent memory.