US EditionPublished • loading... • Updated
Oil Prices Rise More than 2% as US and Iran Extend Talks
Oil prices rose over 2% amid fears of Middle East supply disruptions and stalled U.S.-Iran nuclear talks with technical discussions planned in Vienna next week.
- On Feb 27 in HOUSTON, Reuters reported oil prices rose by about $1 after the U.S. and Iran extended nuclear talks, with Brent futures up $1.13 to $71.88 and WTI rising $1.10 to $66.31 by 1030 GMT.
- Reports indicated talks stalled over U.S. insistence on zero enrichment, while traders said fears of U.S. military action and uncertainty pushed prices higher amid anxiety.
- After mediation, the Omani Foreign Minister said technical talks are scheduled next week in Vienna, and prices eased after reported progress.
- Markets priced in geopolitical risk premiums of $8 to $10 per barrel on fears of disruption through the Strait of Hormuz, with Brent and WTI trading at their highest since July and August and poised for weekly gains above 1%.
- The two sides agreed to extend indirect negotiations into next week with technical-level talks in Vienna, while OPEC+ March 1 meeting could consider a 137,000 barrels per day April increase.
Insights by Ground AI
10 Articles
10 Articles
Oil Prices Post Monthly Gains as Nuclear Talks Between US, Iran Continue
Oil prices rose by more than one dollar on Friday, February 27, 2026, recording monthly gains as traders continued to monitor the possibility of supply disruptions amid the extension of nuclear talks between the United States and Iran.
Coverage Details
Total News Sources10
Leaning Left0Leaning Right2Center2Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
Factuality
To view factuality data please Upgrade to Premium
