#iea-forecast

#iea-forecast

Oil prices stabilized and remained broadly steady on Monday following last week's decline, as markets paused ahead of a second round of talks between the US and Iran. Caution dominates sentiment as the market remains exposed to any developments in these talks. Any signs of de-escalation could diminish the geopolitical risk premium and push prices to the downside. Conversely, a breakdown in negotiations could quickly restore concerns about oil supplies from the Middle East, potentially fuelling gains in crude prices.