Politics

Oil drops 1% to $71/bbl amid Iran nuclear talks, US tariff uncertainty

February 23, 2026 661 views 1 min read
Oil drops 1% to $71/bbl amid Iran nuclear talks, US tariff uncertainty
Oil prices dipped as U.S.-Iran nuclear talks eased conflict fears, while President Trump\'s new tariffs introduced global growth uncertainty. Despite this, the looming threat of U.S. strikes on Iran and a naval armada in the Middle East continue to support crude prices, preventing a substantial slide.

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