Oil Prices Decline Amid Positive Iran-US Talks

Feb 18, 2026

69 min

Feb 18, 2026 00:30

Oil prices fall back as 'hopeful' Tehran responds to Trump

## Market Reactions to Iran-US Talks

Oil prices experienced a decline following promising developments in discussions between Iran and the United States in Geneva. The talks, focused on Iran's nuclear program, saw Tehran offering an optimistic response, which contrasted with the previous days of heightened tensions due to President Trump's aggressive rhetoric.

## Oil Price Movements

Earlier, oil prices had surged as Trump intensified threats against Iran, a major oil producer. However, Iranian Foreign Minister Abbas Araghchi expressed hope for a sustainable resolution, despite Iran's readiness to defend itself if necessary. West Texas Intermediate crude fell by 0.9% to $62.33 per barrel, while Brent North Sea Crude decreased by 1.8% to $67.42.

## Speculation and Market Impact

There is speculation that Iran might agree to reduce its enriched uranium levels in exchange for lifting financial sanctions. However, it remains uncertain if this will lead to a finalized agreement. Meanwhile, Wall Street ended slightly higher, with European stocks also closing positively, except for Tokyo, which saw a decline.

## Economic Indicators

In the UK, unemployment reached a five-year high, increasing the likelihood of an interest rate cut by the Bank of England. Germany's economic recovery remains sluggish due to geopolitical uncertainties and weak domestic demand. In corporate news, Bayer's shares rose significantly after its subsidiary Monsanto proposed a substantial settlement to resolve litigation related to its Roundup weedkiller.

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