NYSEARCA:PXJ

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At Close: Jun 16, 2026
Oil prices were hovering near seven-month highs on Wednesday as the threat of military conflict between the U.S. and Iran that could disrupt supply continues to worry investors even as talks between t

Oil Rises as Traders Brace for U.S.-Iran Talks

08:46pm, Tuesday, 24'th Feb 2026
Oil rose in the morning Asian session as traders braced for U.S.-Iran talks.
Crude oil consolidates near $67.39 after a bullish breakout, with support holding key moving averages, signaling a potential continuation toward $78.40.
Oil markets remain fixated on the threat of a U.S. attack on Iran — and this week could provide some clarity on the next move for crude prices, with talks between the two nations expected Thursday.
Former Energy Secretary under Trump Dan Brouillette joins 'Varney & Co.' to offer his expert analysis on the volatile global energy landscape. He discusses the critical factors impacting oil prices, f
Iranian officials noted that they were ready to take necessary steps to strike a deal with U.S.
The crude oil markets continue to see upward pressures, as traders are trying to price in potential attacks against the Iranians, and of course the demand picking up in “driving season.”
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Crude oil enters a high-stakes week as Geneva negotiations may decide whether prices unwind their Iran risk premium or surge on Strait of Hormuz disruption fears.
Iran's crude loadings surged to multi-year highs this month as geopolitical risks build ahead of a third round of nuclear talks with Washington.
Crude oil outlook tightens as Iran talks near, with traders increasing protection on fears of possible conflict and disruption to global oil demand.
WTI crude nears $66.20 six-month high as geopolitical tensions lift oil, while Brent holds $71 and natural gas tests $3.08 resistance.
Oil prices remain supported by Middle East tensions and uncertain U.S.–Iran talks, while trade policy risks cap demand, keeping the outlook bullish if WTI breaks $68–$70 and Brent clear $72–$74.
Asian markets gain as Nikkei 225 and CSI 300 advance, while US futures steady in the Asian session amid Fed rate cut bets and tariff risks.
Oil prices hovered below an almost seven-month high on Tuesday as traders gauged the outlook for U.S.-Iran nuclear talks amid heightened Middle East tensions, while also weighing uncertainty around U.
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