Oil dips more than 2% as indirect talks between the US & Iran proceeds

February 09, 2022 02:10 PM AEDT | By Arpit Verma

Oil dips more than 2% as indirect talks between the US & Iran proceeds — Image source: Copyright © 2022 Kalkine Media®

Iran deal – the United States’ trump card

It looks like the US government is trying hard to urgently negotiate a new nuclear agreement with Iran to quickly cool down the boiling oil prices.

Eight rounds of talks between the US and Iran since April have not yet finalised the agreement on resumption of the 2015 nuclear deal.

Falling oil prices

The oil prices further weighted after French President Emmanuel Macron’s met with Vladimir Putin, Russian President to prevent the worsening of the Ukraine crisis.

Bottom Line

Crude oil prices settled lower on Tuesday as the indirect talks between the US and Iran proceeds on Tuesday in Vienna. The US government is trying to urgently negotiate the Iran deal to cool the rising oil prices.

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