#us-iran-talks

#us-iran-talks

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.

Israeli Prime Minister Benjamin Netanyahu will meet with U.S. President Donald Trump in Washington on Wednesday about the U.S. talks with Iran, his office said Saturday, as concerns remain high about possible regional conflict. The prime minister believes that all negotiations must include limiting the ballistic missiles and ending support for the Iranian axis, Netanyahu's office said in a brief statement.

Recent months have seen deadly anti-government protests spread across Iran as Trump repeatedly threatened more US military intervention and tightened crippling sanctions. The US president has since surged a multibillion-dollar armada of US military assets off the coast of Iran, following a playbook that preceded both the previous strikes on Iran as well as the US abduction of Venezuelan leader Nicolas Maduro on January 3.