Prices retreated yesterday after talks between Iran and the US reportedly went well. Prices fell as traders reassessed risks of a wider conflict and a closure to the Strait of Hormuz. Today, prices are higher as officials clarified that talks have been successful in “laying out the guiding principles” for...Offshore drilling rig by nielubieklonu via iStock
Read full articleCrude Swings as Iran Talks Ease, Then Revive Risk
Written on 02/18/2026
Bill Baruch

