Overview
- Brent and WTI fell more than 4% on Monday to roughly $66 and $62 a barrel as the prior geopolitical premium unwound.
- President Trump said Iran was “seriously talking” with Washington, and officials told Reuters the sides expect to resume nuclear talks in Turkey on Friday.
- Indian crude futures on the MCX slid over 5% to Rs 5,671 per barrel, tracking the global selloff.
- A firmer U.S. dollar—bolstered after Trump nominated Kevin Warsh for the Federal Reserve—added pressure as broader commodities weakened.
- OPEC+ kept March output unchanged and analysts flagged rising Venezuelan shipments; prices steadied early Tuesday with volatility expected to persist.