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Oil falls by over $1 per barrel as Iran talks in focus

Written By: TDG Syndication
Last Updated: February 2, 2026 05:00:03 IST

TOKYO, Feb 2 (Reuters) – Oil prices fell by over $1 per barrel on Monday as U.S. President Donald Trump said over the weekend Iran was "seriously talking" with Washington. Brent crude futures were down $1.8 per barrel, losing 2.7%, to $67.48 per barrel, at 2311 GMT. U.S. West Texas Intermediate crude fell $1.8 per barrel, losing 2.8%, to $63.41 per barrel. Trump repeatedly threatened Iran with intervention if it did not agree to a nuclear deal or failed to stop killing protesters. On Saturday Trump told reporters Iran was "seriously talking" with Washington, hours after Tehran's top security official Ali Larijani said on X that arrangements for negotiations were underway. (Reporting by Katya Golubkova; Editing by Chris Reese)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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