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Commodities: U.S.-Iran Talks Continue

Seeking Alpha
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⚡ Quantum Brief
US-Iran negotiations are progressing positively, directly impacting oil markets as traders anticipate a potential deal that could ease geopolitical tensions and increase global crude supply. Oil prices fell in early February 2026 trading after reports of diplomatic headway, with the decline extending from the previous session’s losses driven by reduced supply disruption risks. European natural gas prices dropped sharply, with TTF futures down 3.5% amid broader energy market softening linked to the US-Iran talks and milder-than-expected winter demand. The sentiment shift weighed on precious metals, including gold and silver, as reduced safe-haven demand followed the perceived easing of Middle East tensions. Analysts warn the market remains volatile, with oil and gas prices sensitive to further diplomatic developments or unexpected setbacks in negotiations.
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ING Economic and Financial Analysis5.15K FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe noise around the US-Iran discussions continues to drive sentiment in the oil market.Latest reports indicate positive progress towards a deal that weighed on energy and precious metals prices yesterday.European natural gas prices continue to come under pressure, with TTF futures down 3.5% as of yesterday. ISerg/iStock via Getty Images By Ewa Manthey, Commodities Strategist | Warren Patterson, Head of Commodities Strategy Energy – Oil edges lower Oil prices remain under pressure in early trade today after settling lower yesterday. The decline was largely driven byThis article was written byING Economic and Financial Analysis5.15K FollowersFollowFrom Trump to trade, FX to Brexit, ING’s global economists have it covered. Go to ING.com/THINK to stay a step ahead. We’re sorry we can’t reply to individuals' comments.Content disclaimer: The information in the publication is not an investment recommendation and it is not investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.This publication has been prepared by ING solely for information purposes without regard to any particular user's investment objectives, financial situation, or means. For our full disclaimer please click here.

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