Oil records its highest level in 6 months ahead of a round of US-Iranian talks
Oil prices stabilized today, Monday, to remain at their highest level in 6 months, ahead of the third round of Nuclear talks between the United States and Iran, amid a state of economic uncertainty following the adjustment of US customs duties.
Brent crude futures settled at $71.49 per barrel, while West Texas Intermediate crude rose 17 cents, or 0.26%, to $66.31.
Iran confirmed that it is ready to make concessions regarding its nuclear program, in exchange for lifting sanctions and recognizing its right to enrich uranium.
A high-ranking American official told… "Reuters" On Monday, the American envoys; Steve Witkoff and Jared Kushner will meet an Iranian delegation on Thursday in Geneva.
Phil Flynn, an analyst at the… "Price Futures": "This appears to indicate greater openness on Iran’s part to discuss its nuclear program" Adding that "The risk of an attack on Iran remains."
Increasing fears of the possibility of a military conflict between the United States and Iran Brent crude prices rose more than 5% last week, hitting their highest level since July 2025 at $72.34 per barrel.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
