"Crude oil has eased in early trading this week, with the market breathing a sigh of relief over the constructive U.S.-Iran nuclear talks in Oman," IG market analyst Tony Sycamore said. "With more talks on the horizon, the immediate fear of supply disruptions in the Middle East has eased quite a bit." Iran and the U.S. pledged to continue the indirect nuclear talks following what both sides described as positive discussions on Friday in Oman, despite differences. That allayed concerns that failure to reach a deal might nudge the Middle East closer to war, as the U.S. has positioned more military forces in the area. The European Commission on Friday proposed a sweeping ban on any services that support Russia's seaborne crude oil exports.

Source: GhanaWeb February 09, 2026 03:33 UTC