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Oil Prices Poised to Snap Winning Streak as Traders Eye US-Iran Talks
Abstract：Crude oil markets are tracking toward their first weekly decline in seven weeks, heavily influenced by the potential de-escalation of geopolitical tensions via US-Iran talks.
Global crude benchmarks are set for their first weekly decline in seven weeks, halting a sustained rally. The market shift is driven by indirect nuclear talks between the United States and Iran taking place in Oman.
Geopolitical Risk Premium Fades
Market participants are pricing in the possibility that successful negotiations could lead to increased supply or, at the very least, reduced geopolitical friction in the Middle East.
The potential return of Iranian barrels—or simply the removal of immediate conflict risks—is prompting profit-taking after the recent extended run-up in prices. As trading closes for the week, the focus remains strictly on headlines emerging from Oman.
- Region: Oman (Negotiation Site)
- Core Drivers: US-Iran Nuclear Talks
- Trend Status: First weekly decline in 7 weeks
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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