Global Oil Prices Advance Ahead of Crucial US-Iran Nuclear Talks

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Oil Prices Rise Ahead of US-Iran Nuclear Talks Amid Supply Concerns

Oil Prices Rise Ahead of US-Iran Nuclear Talks Amid Supply Concerns

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CNBC TV18•26-02-2026, 06:47

Oil Prices Rise Ahead of US-Iran Nuclear Talks Amid Supply Concerns

•Oil prices edged higher with West Texas Intermediate near $66 and Brent under $71.
•US delegation, including special envoy Steve Witkoff, to meet Iranian Foreign Minister Abbas Araghchi in Geneva.
•Middle Eastern producers boost exports due to regional conflict concerns, creating supply uncertainty.
•US President Donald Trump seeks diplomatic solution but warns of consequences; new sanctions imposed on Iran.
•OPEC+ meeting on Sunday to decide supply policy for April, with outlook clouded by US-Iran tensions.

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