Global oil prices fell sharply below 100 dollars per barrel as markets reacted to reports of a possible US-Iran agreement. The decline reflects growing expectations of reduced geopolitical risk in the Middle East. Investors responded to signs of easing tensions between the two countries. Brent crude oil dropped by around 7 percent, bringing prices close […]
energy market news
Oil prices drop on US Iran talks
Global crude oil prices declined following reports of a possible second round of US-Iran talks, as markets reacted to easing geopolitical tensions. The development raised expectations of improved supply stability. The price movement comes amid shifting investor sentiment in global energy markets. Brent crude fell to 98 dollars per barrel, while West Texas Intermediate traded […]
Oil prices edge higher after biggest annual loss since 2020
Oil prices edged higher in the first trading session of 2026, attempting to stabilise after suffering their steepest annual decline since 2020 amid persistent concerns over global oversupply and weak demand. However, fresh geopolitical tensions have offered short-term support, helping prices recover slightly from last year’s sharp losses. Brent crude futures rose to around $61 […]