Global crude oil prices declined following reports of a possible second round of US-Iran talks, as markets reacted to easing geopolitical tensions. The development raised expectations of improved supply stability. The price movement comes amid shifting investor sentiment in global energy markets.
Brent crude fell to 98 dollars per barrel, while West Texas Intermediate traded at 97 dollars per barrel. Analysts said hopes of renewed diplomacy between Washington and Tehran reduced risk premiums in oil trading. The decline reflects sensitivity of energy markets to geopolitical news.
Read more: Oil prices rise after lack of progress in negotiations
Meanwhile, global equity markets showed mixed performance across regions. European and Asian markets posted varied trends, with some indices rising and others declining. Investors remained cautious amid uncertainty in global economic signals.
In Asia, South Korea’s Kospi gained around three percent, while Japan’s Nikkei rose 2.4 percent. Hong Kong’s Hang Seng also posted modest gains. However, Indian stock markets saw a decline of about one percent during trading.
Read more: Oil prices surge as Iran attacks energy sites
The developments come amid reports that US and Iranian delegations may meet again in Islamabad. According to Reuters, both sides could resume talks later this week or early next week. Investors are closely watching the situation for further market direction.