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2026-02-17 22:53:24
International oil prices retreated slightly, with WTI crude falling below $63 per barrel. Iran's foreign minister stated that the US-Iran nuclear negotiations were "serious and constructive," with both sides reaching a general consensus on a range of principles, leading to a slight decrease in geopolitical risk premiums. Previously, Iran's announcement of the temporary closure of parts of the Strait of Hormuz during military exercises had briefly pushed up oil prices. Affected by supply disruptions, geopolitical risks, and the influx of sanctioned crude oil, oil prices have risen nearly 10% this year, recently fluctuating mostly between $61 and $65; short-term diplomatic progress will likely dominate oil price trends.
