Overview
- Brent fell to about $66.10 and WTI to $60.92 on Monday, then steadied early Tuesday near $66.36 and $62.24 respectively.
- President Trump said Tehran was “seriously talking” with Washington, and Iran’s Ali Larijani said arrangements for negotiations were under way.
- Officials from both sides told Reuters nuclear talks are expected to resume Friday in Turkey, while a firm dollar limited any rebound.
- OPEC+ left March production targets unchanged and offered no forward guidance, reinforcing a wait-and-see stance.
- Energy shares weakened, with Shell and BP declining as analysts warned lower prices could force a slower pace of share buybacks.