Brent Crude Futures Fall 2.76% to $67.41/Barrel; WTI Crude Fall 2.93% to $63.3/Barrel as Iran Talks in Focus

Reuters

02/02

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 $1.9 per barrel, losing 2.76%, to $67.41 per barrel. U.S. West Texas Intermediate crude fell $1.9 per barrel, losing 2.93%, to $63.3 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.

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