Global oil prices fall as upcoming nuclear talks and new US tariffs impact market sentiment
Oil prices fell on Monday as upcoming nuclear talks eased conflict fears. New US tariff hikes also sparked concerns about global growth and fuel demand.
Insights:
Oil prices fell about 1% on Monday, February 23, 2026, as the United States 
US and Iran 
IR prepared for a third round of nuclear talks in Geneva. The imminent third round, which is set for Thursday, eased immediate fears of an escalating conflict and reduced the Iran-related risk premium that had been priced into crude markets. Brent crude futures and U.S. West Texas Intermediate (WTI) crude futures both saw declines as the diplomatic news reached the market.
US and Iran IR prepared for a third round of nuclear talks in Geneva. The imminent third round, which is set for Thursday, eased immediate fears of an escalating conflict and reduced the Iran-related risk premium that had been priced into crude markets. Brent crude futures and U.S. West Texas Intermediate (WTI) crude futures both saw declines as the diplomatic news reached the market.
