Texas oil falls 1.03%, to $65.63 a barrel
The price of West Texas Intermediate (WTI) crude oil fell this Tuesday by 1.03%, to $65.63 a barrel, with an eye on the United States and Iran and a possible agreement between the two countries. At the end of the session, WTI futures contracts for delivery in April were down 68 cents compared to the previous day's close. [...]
TL;DR
- WTI crude oil price dropped 1.03% to $65.63 per barrel.
- Market focus is on U.S.-Iran negotiations and potential conflict.
- U.S. military deployed significantly near Iran.
- Iran stated it will not develop nuclear weapons but will not abandon atomic technology.
- U.S. seeks to stop Iran's uranium enrichment, limit missile range, and end support for regional groups.
- Iran is willing to limit its nuclear program for sanctions relief but refuses to renounce ballistic missiles or regional support.
- U.S. forces intercepted a third oil tanker violating sanctions on Venezuelan and Cuban crude oil operations.
- U.S. has imposed a maritime 'quarantine' on sanctioned tankers leaving Venezuela since December 2025.