Oil Steadies Before More Nuclear Talks Between the US and Iran

February 25, 2026 at 11:41 PM UTCUpdated onFebruary 26, 2026 at 8:36 PM UTCOil swung as traders parsed competing headlines on the status of negotiations between the US and Iran.West Texas Intermediate inched down 0.3% to settle above $65 a barrel, while Brent ended the day below $71, as the US and Iran wrapped upBloomberg Terminal a third round of nuclear talks in Geneva, just days ahead of President Donald Trump’s deadlineBloomberg Terminal to strike a deal. Oman, a mediator in the discussions, said that talks are set to continueBloomberg Terminal next week in Vienna at a “technical level,” allaying fears of imminent US military action.