Oil sinks 4% as Iran de-escalation signals ease supply fears
TL;DR Summary
Oil prices fell by about $3 a barrel after signs of de-escalation with Iran and a stronger U.S. dollar, with Brent at around $66.30 and WTI near $62.14 as milder U.S. weather also weighed on forecasts. Iran and the United States plan to resume nuclear talks, and OPEC+ kept output unchanged for March, reflecting expectations of a 2026 global inventory build. Analysts say the easing tensions could cap upside for oil in the near term, while still keeping prices sensitive to dollar moves and regional supply dynamics.
- Oil settles down over 4% on US-Iran de-escalation, easing supply worries By Reuters Investing.com
- Oil Steadies, With Focus on U.S.-Iran Developments The Wall Street Journal
- Oil prices rise on U.S.-Iran tensions; broader selloff caps gains Reuters
- Oil Rises on Flareup in US-Iran Tensions and Drop in Inventories Bloomberg.com
- The Commodities Feed: Oil rising as US-Iran tensions re-emerge ING Think
Reading Insights
Total Reads
0
Unique Readers
6
Time Saved
126 min
vs 127 min read
Condensed
100%
25,309 → 87 words
Want the full story? Read the original article
Read on Investing.com