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Crude Oil Nears Six-Month Peak Amid Nuclear Talks and US Tariff Focus
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Oil Nears Six-Month High Amid Iran Nuclear Talks & US Tariff Uncertainty
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Moneycontrol
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23-02-2026, 19:03
Oil Nears Six-Month High Amid Iran Nuclear Talks & US Tariff Uncertainty
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Oil prices steadied near a six-month high as the U.S. and Iran prepared for a third round of nuclear talks.
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Brent crude futures rose to $71.85 a barrel, while U.S. West Texas Intermediate crude gained to $66.63.
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Concerns over potential military conflict between the U.S. and Iran pushed Brent prices up over 5% last week.
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The U.S. Supreme Court struck down previous import tariffs, leading to new tariff announcements from Trump.
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Uncertainty from geopolitical events and tariff changes guarantees oil price volatility, according to analysts.
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