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With U.S.-Iran Talks Approaching, the Crude Oil Market Holds Its Breath
Crude oil traders are bracing for the upcoming U.S.-Iran talks. Iran’s Deputy Foreign Minister stated that Iran is prepared to take the necessary measures to reach an agreement with the United States. Donald Trump noted that failure to reach an agreement would be highly detrimental to Iran.Data from the prediction platform Polymarket indicates that the market estimates a 62% probability of the U.S. launching a strike against Iran by the end of March. As of this writing, WTI crude oil is down slightly by 0.02%, while Brent crude oil is up slightly by 0.1%.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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