Baku 21° C
Oil prices fall 4% on signs of easing tensions between US, Iran
Energy
- 02 February, 2026
- 10:24
Add Report.az to preferred Google sources
Stay up to date with the top news!
Oil prices fell more than 4% on Monday on signs of easing tensions in US-Iran relations, Report informs referring to trading data.
April Brent crude futures fell $3.31 (4.77%) to $66.01 per barrel on the London ICE Futures Exchange.
March WTI crude futures fell $3.21 (4.92%) to $62 per barrel on the New York Mercantile Exchange (NYMEX).
Over the weekend, US President Donald Trump stated that Iran is serious about negotiating contentious issues with the US. This eased investor fears surrounding the possibility of Washington striking Iran. Trump had previously repeatedly threatened to intervene if Tehran did not agree to the nuclear deal or continued to violently suppress protests.
Author
Latest News
02:29
Photo
Video
Sites of Memory of Western Azerbaijan: How was Amasia, once home to Azerbaijanis, Armenianized?
Domestic policy
00:01
Six years pass since another deadly missile attack on Ganja by Armenia
Domestic policy
00:00
Today marks sixth anniversary of Fuzuli's liberation from occupation
Domestic policy
23:41
Photo
Events calling on Armenia to address mine problem held in six European countries
Foreign policy
23:13
AI agents hack systems of several companies in India
ICT
22:53
Azerbaijani weightlifter Gasim Ismayilov claims three medals at European U-23 Championships in Albania
Individual sports
22:29
NYT: White House press secretary fired after five days on the job
Other countries
22:22
European Commission to propose additional funding for Ukraine in 2027
Other countries
22:12
Trump denies involvement in Starlink slowdown in Ukraine
Other countries