Oil falls by over $1 per barrel as Iran talks in focus
ReutersFeb 1, 2026 11:17 PM
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 LCOc1 were down $1.8 per barrel, losing 2.7%, to $67.48 per barrel, at 2311 GMT. U.S. West Texas Intermediate crude CLc1 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.
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