Oil prices fall sharply after Trump says hopeful over Iran talks

Published at Feb 2, 2026 - 18:27
Oil prices fall sharply after Trump says hopeful over Iran talks
Oil prices fall sharply after Trump says hopeful over Iran talks


Oil prices plunged Monday after Donald Trump said he was hopeful of reaching a deal with Iran, easing concerns about a conflict between the two in the crude-rich region. West Texas Intermediate sank 3.4 percent to $62.99 while Brent shed 3.2 percent to 67.09 in early Asian trade following the US president's comments.