Oil prices fall nearly 5% on US-Iran de-escalation

Feb 2 : Oil prices fell nearly 5 per cent on Monday, heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump said Iran was "seriously talking" with Washington, signalling de-escalation with an OPEC member.Brent crude futures were down $3.30, or 4.8 per cent, at

Feb 2, 2026 - 20:50
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Oil prices fall nearly 5% on US-Iran de-escalation
Channel Newsasia
Feb 2 : Oil prices fell nearly 5 per cent on Monday, heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump said Iran was "seriously talking" with Washington, signalling de-escalation with an OPEC member.Brent crude futures were down $3.30, or 4.8 per cent, at

Source Name: Channel Newsasia

Source Website: https://www.channelnewsasia.com

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