Sunday, February 1, 2026

Oil prices fall by 3% on US-Iran de-escalation

Oil prices dropped significantly as President Trump indicated Iran was engaged in serious talks with Washington, signaling a de-escalation of tensions. This news eased geopolitical risk premiums that had previously driven prices to multi-month highs. OPEC+ also agreed to maintain its current oil output levels for March.

from Economic Times https://ift.tt/IgxPpqJ

Oil prices fall by 3% on US-Iran de-escalation

Oil prices dropped significantly as President Trump indicated Iran was engaged in serious talks with Washington, signaling a de-escalation o...