Oil slides over 4% as Trump signals Iran talks, easing supply shock fears

Oil prices moved lower after investors started backing away from worst-case supply disruption scenarios. The drop followed comments from Donald Trump over the weekend, where he told reporters that Tehran is “seriously talking” with the U.S. That seems to have taken some of the geopolitical risk premium out of crude, at least for now. Markets had been pricing in tighter supply on fears of escalation in the Middle East, but signs of possible diplomacy are pushing traders to reassess those assumptions. For the moment, it looks like sentiment is shifting from “brace for disruption” to “wait and see.”
Still feels fragile though headlines are doing most of the driving here, and that can flip fast.

Source:

https://www.cnbc.com/2026/02/02/oil-slides-as-trump-signals-iran-talks-easing-supply-shock-fears.html?__source=androidappshare