Brent Falls on Easing US-Iran Tensions

2026-02-09 00:21 By Judith Sib-at 1 min. read

Brent crude oil futures fell over 1% to $67.2 per barrel on Monday, extending last week’s decline, as concerns over US-Iran conflict eased after diplomatic talks.

President Trump described the discussions as “very good,” while Tehran referred to them as a “step forward.” Both sides agreed to continue negotiations this week, alleviating fears of immediate supply disruptions.

However, underlying tensions remain.

Trump warned that consequences would be severe if a deal on Iran's nuclear program is not reached, while Tehran reiterated on Sunday that it will not abandon uranium enrichment.

Elsewhere, traders are monitoring oil flows from India, after Trump announced last week that New Delhi had agreed to stop buying Russian oil as part of a trade deal, though India has yet to officially confirm the commitment, emphasizing that safeguarding its energy security remains a top priority.

Investors also await OPEC+ and IEA reports later this week for further guidance on the market outlook.



News Stream
Brent Falls on Easing US-Iran Tensions
Brent crude oil futures fell over 1% to $67.2 per barrel on Monday, extending last week’s decline, as concerns over US-Iran conflict eased after diplomatic talks. President Trump described the discussions as “very good,” while Tehran referred to them as a “step forward.” Both sides agreed to continue negotiations this week, alleviating fears of immediate supply disruptions. However, underlying tensions remain. Trump warned that consequences would be severe if a deal on Iran's nuclear program is not reached, while Tehran reiterated on Sunday that it will not abandon uranium enrichment. Elsewhere, traders are monitoring oil flows from India, after Trump announced last week that New Delhi had agreed to stop buying Russian oil as part of a trade deal, though India has yet to officially confirm the commitment, emphasizing that safeguarding its energy security remains a top priority. Investors also await OPEC+ and IEA reports later this week for further guidance on the market outlook.
2026-02-09
Brent Crude Rebounds on Choppy Session
Brent crude futures traded choppily on Friday, dipping earlier on easing Middle East risk before rebounding over 0.5% to trade close to $68 a barrel, though prices remained on track for a first weekly decline in seven weeks. US Iran nuclear talks in Oman, which Iranian officials described as a good start with plans to continue negotiations, reduced fears of near term supply disruptions from a region that accounts for roughly one third of global crude output. Earlier gains reflected lingering caution as the US pushed to broaden talks beyond nuclear issues, while prior evacuation advisories had heightened sensitivity to escalation risk. That premium faded as diplomatic signals improved, reinforcing expectations of oversupply later this year. Adding to pressure, Saudi Arabia cut official selling prices for its main crude grade to Asia to the lowest since late 2020, highlighting ample supply, though the smaller than expected reduction suggested confidence in demand.
2026-02-06
Brent Crude Futures Cut Gains
Brent crude futures pared early gains to trade around the flatline near $67.5 a barrel on Friday and were on track for their first weekly decline in seven weeks, as concerns over potential supply disruptions in the Middle East eased. At the same time, investors remained cautious ahead of the outcome of US–Iran nuclear talks. The US is pushing for a broader discussion that includes Iran’s ballistic missile program and regional activities, while Iran insists the talks focus solely on nuclear issues and sanctions relief. Adding to concerns, the US Virtual Embassy in Iran has also urged American citizens to leave immediately. Similar alerts were issued last month, which rattled energy markets over potential supply disruptions Meanwhile, Saudi Arabia cut prices for its main crude grade sold to Asia to the lowest level since late 2020, signaling oversupply, though the smaller-than-expected reduction suggested confidence in demand.
2026-02-06