Oil prices fall as US leaders strike positive note on Iran talks

✍ Middle East Eye 📅 01 July 2026 👁 4 views 🌐 UC News

Oil prices fall as US leaders strike positive note on Iran talks Oil prices dropped by more than 1 percent as markets reacted to positive comments from US leaders on talks between Washington and Tehran. Brent futures fell $1.38, or 1.89 percent, to $71.57 a barrel, while US West Texas Intermediate crude lost 92 cents, or 1.32 percent, to $68.58 a barrel,

Oil prices dropped by more than 1 percent as markets reacted to positive comments from US leaders on talks between Washington and Tehran.

Brent futures fell $1.38, or 1.89 percent, to $71.57 a barrel, while US West Texas Intermediate crude lost 92 cents, or 1.32 percent, to $68.58 a barrel, according to Reuters.

As we have been reporting, Trump and Vance earlier said talks were going "very well" and "extremely well", respectively.

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