Oil prices slid as investors dial back fears of a supply shock after Donald Trump said Iran was "seriously talking" with Washington over the weekend.
WTI crude oil futures drop sharply as Trump’s Iran comments ease geopolitical risks. Technical analysis points to key support tests at $60.66-$59.29.
Oil traders are worried that war between the U.S. and Iran could lead to a major disruption of crude supplies in the Middle East.
Oil jumps 4% as U.S.-Iran tensions rise, but market analysts warn a well‑supplied market could limit further gains.
Oil prices dropped after the U.S. and Iran pledged to continue nuclear talks, easing fears of Middle East supply disruptions.
Oil prices fell over 5% on Monday, set for the largest single-session decline in over six months, after President Trump noted that Iran was “seriously talking” with Washington, signaling potential ...