Oil prices steady with more US-Iran nuclear talks planned next week
Published on 27/02/2026 06:43 AM
Oil prices steady with more US-Iran nuclear talks planned next weekWest Texas Intermediate was above $65 a barrel, while Brent settled under $71.By CNBCTV18.com February 27, 2026, 6:43:48 AM IST (Published)2 Min ReadOil prices steadied post the US and Iran agreeing to more nuclear talks in the following week after a round of discussions on Thursday, even as the American forces deployed in the Middle East kept the markets on edge.
West Texas Intermediate was above $65 a barrel, while Brent settled under $71.
Iran said recent talks in Geneva showed good progress, but a person familiar with the US position said the Americans left disappointed, news agency Bloomberg reported. The two sides agreed to meet next in Vienna.
Despite some of the heat coming out of the oil market this week, prices remain higher this year as concerns about a potential US strike on Iran help to offset broader glut expectations. Traders will be keenly watching a scheduled OPEC+ supply meeting on Sunday, as conflict risks cloud the outlook.
President Donald Trump has ordered the biggest military build-up in the Middle East since the second Gulf war in 2003 and threatened to strike Iran unless it makes a deal, though he’s signaled a preference for a diplomacy. Last week, Trump gave Tehran a deadline of 10-15 days to reach an agreement.
The US Navy has reduced staffing at its 5th Fleet headquarters in Bahrain to “mission critical” levels, according to Fox News, which said the same location was evacuated in a similar manner ahead of US strikes on Iran last June.
With inputs from Bloomberg
Also Read: Asian shares decline as tech slides post NvidiaContinue ReadingTagsglobal marketsOiloil marketsOil prices