Oil dipped over 1% on Monday, as market’s attention shifted to fundamentals following Israel and Iran implied for eased conflict between both parties after Israel’s minor attack on Iran that didn’t leave any major impacts.

Brent futures dipped $1.21 or 1.4% per barrel while U.S. WTI slumped by 1.2% to $82.17 per barrel, while June contract plunged $1.23 to $80.99 a barrel.

Brent crude prices was not able to maintain their first rise, with wide projections that geopolitical disruptions between Israel and Iran may cool down especially after Iran’s eased response.

The two benchmarks ticked up over $3 per barrel on Friday, following Israel’s strike on Iran in Isfahan city. Gains were pared after Tehran implied that there is no intend for retaliation.

According to data from the Energy Information Administration last week, U.S. crude inventories increased by 2.7 million barrels, almost double analysts' predictions of a 1.4 million barrel increase.