[MARKET ANALYSIS] Oil retreats on hopes regarding US-Iran talks as the sides could be headed for another in-person meeting this week

Oil prices are retreating in response to optimistic developments in US-Iran talks, hinting at potential in-person negotiations later this week.

Newsquawk StaffPublished 14 Apr 2026, 02:30 UTCOn the live feed at 02:10 UTC — 1 more headline followed before this page went public

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China customs vice minister says international situation is currently turbulent, while geopolitical conflicts are intensifying and global oil prices fluctuate sharply

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[MARKET ANALYSIS] Treasury futures rebounded and yields softened amid US-Iran peace hopes

02:10

[MARKET ANALYSIS] Oil retreats on hopes regarding US-Iran talks as the sides could be headed for another in-person meeting this week

02:05

UK Deputy PM Lammy meets with US VP Vance in Washington and urges Iran ceasefire to hold, while he stresses free shipping through the Strait of Hormuz

02:05

EU is considering flexibilities for methane regulation due to US pressure, while EU may ease forest protection law amid US pressure and the Trump administration is pressuring the EU to weaken Green Deal laws, according to Handelsblatt

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WTI/Brent: WTI Jun'26 -1.9% / Brent Jun'26 -1.6%

Oil prices are lower as they continued to pull back from the initial spike seen at this week's open, while the retreat coincided with some optimism regarding US-Iran talks, as the sides could be headed towards another round of face-to-face discussions, which could happen on Thursday.

Gold: +0.5%

Continued to edge higher after recouping recent losses and with upside facilitated as the dollar lost steam.

Copper: +0.%%

Remains afloat after advancing as risk sentiment improved throughout US trade on optimism about US-Iran talks.

Context

This sentiment may alleviate supply concerns that have propelled oil prices upward, suggesting a possible stabilization or decline in oil markets if successful dialogue continues. Watch related assets like gold and copper, which tend to react positively to improved risk sentiment.

Energy · last 90 days

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