Oil prices fell on Wednesday after climbing to more than one-month highs earlier in the session, with traders weighing the risk of supply disruptions following overnight strikes by the U.S. and Iran. ^[1] The Mexican Stock Exchange (BMV) Index (IPC) opened on Wednesday with a 0.01% decline, trading at 64,506.84 points at 8:20 AM local time in Mexico City. ^[2] Brent crude and U.S. West Texas Intermediate crude earlier climbed to their highest levels since July 24, reaching session highs of US$97.04 and US$92.29 a barrel, respectively. ^[3] Brent crude futures fell 57 US cents, or 0.60 per cent, to US$94.08 a barrel by 7:35 a.m. ET, while U.S. West Texas Intermediate crude futures were down 72 US cents, or 0.80 per cent, to US$89.50. ^[4] The U.S. and Iran were back on a war footing on Wednesday after the most significant exchange of fire in weeks, with Washington threatening more devastating strikes. ^[5] If the trend continues, the Mexican stock market will record its sixth consecutive day of losses, matching the negative streak observed between June 17 and June 24. ^[6] The Mexican stock market faces its worst streak in nearly three months due to global risk aversion caused by the Middle East conflict and rising oil prices. ^[7] Wall Street indices opened in positive territory, with the S&P 500 rising 0.31% to 7,665.15 points, the Nasdaq Composite advancing 0.34% to 26,187.40 points, and the Dow Jones increasing 0.72% to 53,146.12 points. ^[8]