Oil prices fall for a second day on expectations US-Iran talks may resume

Oil prices fell for a second straight day as expectations grew that U.S.-Iran peace talks may resume, increasing the احتمال of additional supply returning from the Middle East. The move reflects easing geopolitical risk around the Strait of Hormuz, a key chokepoint for global crude flows. The headline is likely to weigh on crude benchmarks and energy-linked assets near term.

Analysis

Oil prices fell for a second straight day as expectations grew that U.S.-Iran peace talks may resume, increasing the احتمال of additional supply returning from the Middle East. The move reflects easing geopolitical risk around the Strait of Hormuz, a key chokepoint for global crude flows. The headline is likely to weigh on crude benchmarks and energy-linked assets near term.