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2026-02-17 16:47:05
[US-Iran Geneva Talks Pressure Oil Prices] ⑴ On Tuesday, crude oil prices fell in early trading, mainly influenced by news that the US and Iran were scheduled to hold direct talks in Geneva that evening. Brent crude fell 0.9% to $68 per barrel; West Texas Intermediate crude fell 0.8% to $62.66 per barrel. ⑵ Analysts at ING pointed out that due to the Lunar New Year holiday in Asian markets, overall liquidity was relatively thin, which limited the intraday volatility of oil prices to some extent. ⑶ Although the talks brought expectations of easing tensions, geopolitical tensions have not completely dissipated. Reports indicate that Iran conducted live-fire military exercises in the Strait of Hormuz, a crucial oil shipping chokepoint, on Monday, raising concerns that oil supplies in the region could be disrupted if diplomatic efforts fail to achieve a breakthrough. ⑷ Meanwhile, investors are also closely watching the progress of talks between US-mediated Russian and Ukrainian officials. In the short term, geopolitical factors will continue to dominate market sentiment, and oil prices are expected to remain highly volatile.
