E-Paper | July 02, 2026

Oil falls as progress in US-Iran talks cools supply concerns

Published July 1, 2026 Updated July 1, 2026 06:41pm
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Oil prices have fallen as optimism over US-Iran talks eases supply concerns after US President Donald Trump said meetings in Qatar had gone well, Reuters reports.

Brent futures are down 95 cents, or 1.30 per cent, to $72.00 a barrel, while US West Texas Intermediate crude is down 54 cents, or 0.78pc, at $68.96 a barrel; its lowest since February 27.

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