Oil falls on possible US-Iran de-escalation, firm dollar

Oil prices fell 1% on Tuesday, dropping for a second day, as market participants weighed the possibility of a de-escalation in U.S.-Iran tensions, while a firmer dollar added downward pressure. ›

February 2nd, 2026

Oil prices fall 5% on US-Iran de-escalation

Oil prices fell nearly 5% on Monday and were heading for the steepest single-session decline in more than 6 months, after U.S. President Donald Trump said Iran was “seriously talking” with Washington, signalling de-escalation with an OPEC member. ›

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Oil falls on possible US-Iran de-escalation, firm dollar

Oil prices fall 5% on US-Iran de-escalation

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