Oil prices drop to two week low as US and Iran signal progress in nuclear talks
Crude prices fell two percent today as Iran reported progress in nuclear talks with the United States. Potential Russia peace talks also weighed on the market.
Iran 
IR and the United States 
US announced on February 17, 2026, that they have reached an understanding on the main guiding principles of their nuclear talks. This development occurred during a second round of indirect talks in Geneva, a diplomatic process that has involved regional intermediaries such as Oman 
OM. Following the announcement, the oil markets / commodities sector experienced a notable shift, as Brent futures and West Texas Intermediate (WTI) crude prices both fell by approximately 2% to reach two-week lows.
IR and the United States US announced on February 17, 2026, that they have reached an understanding on the main guiding principles of their nuclear talks. This development occurred during a second round of indirect talks in Geneva, a diplomatic process that has involved regional intermediaries such as Oman OM. Following the announcement, the oil markets / commodities sector experienced a notable shift, as Brent futures and West Texas Intermediate (WTI) crude prices both fell by approximately 2% to reach two-week lows.
