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Oil prices tumble on hopes US Iran talks will boost Middle East supply
Economy
Published on 24 April 2026
Markets bet on supply gains, but ceasefire timelines look shaky
Oil prices fell Tuesday as expectations of upcoming U.S.-Iran talks lifted hopes that Middle East supply could increase. Brent futures dropped 1% to $94.53, while WTI slipped 1.72% to $88.07. Traders are focused on whether negotiations produce an extended ceasefire or wider deal, even as disruption risks still linger.
- Brent and WTI both fell as U.S.-Iran talks sparked supply optimism
- Investors are tracking prospects for a longer ceasefire or broader agreement
- Despite the rally in expectations, market disruptions remain a concern
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times