Oil prices hold steady as US and Iran prepare for nuclear talks

Oil prices held steady on Monday as US-Iran nuclear talks offset tariff worries. Markets are now balancing geopolitical hopes against new trade policy shifts.

Oil prices steadied on Monday as the United States USUS and Iran IRIR prepared for an imminent third round of nuclear talks scheduled for this Thursday. The announcement of the upcoming discussions has eased immediate fears of a military conflict, providing a stabilizing force for both Brent crude futures and U.S. West Texas Intermediate (WTI) crude. This shift comes as the oil market/commodities sector monitors benchmarks that remain near six-month highs, following a period where recent weekly price moves exceeded 5%.
FILE PHOTO: Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
FILE PHOTO: Oil platforms and pumpjacks at Lake Maracaibo, in Cabimas, Venezuela, January 26, 2026. REUTERS/Leonardo Fernandez Viloria/File Photo
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