Oil prices drop as US Iran nuclear talks and new tariffs weigh on markets
Crude prices fell on Monday as upcoming nuclear talks between the United States and Iran eased conflict fears. New US tariff hikes also pressured global demand.
Oil prices fell about 1% on Monday as the United States 
US and Iran 
IR announced they will hold a third round of nuclear talks in Geneva, a move that eased near-term concerns of a potential military conflict. This development coincided with an announcement from U.S. President Donald Trump regarding an increase in temporary tariffs on imports, which created renewed uncertainty for global growth and fuel demand. The combination of reduced conflict risk and tariff-driven demand uncertainty drove the immediate move in Brent crude futures and West Texas Intermediate (WTI) futures.
US and Iran IR announced they will hold a third round of nuclear talks in Geneva, a move that eased near-term concerns of a potential military conflict. This development coincided with an announcement from U.S. President Donald Trump regarding an increase in temporary tariffs on imports, which created renewed uncertainty for global growth and fuel demand. The combination of reduced conflict risk and tariff-driven demand uncertainty drove the immediate move in Brent crude futures and West Texas Intermediate (WTI) futures.
