Oil prices retreat as traders assess conflicting reports on US-Iran talks and Middle East geopolitical risks.
West Texas Intermediate crude fell to near $70.10 per barrel in Asian trading on Tuesday, reversing recent gains. The decline followed mixed signals on US-Iran negotiations, creating uncertainty among energy traders.
Prices had risen earlier on geopolitical tensions but retreated as conflicting reports emerged about potential diplomatic progress. Prior sessions saw WTI trading above $72, reflecting market sensitivity to Middle East developments.
No immediate market reaction was specified, though volatility in oil futures persisted amid shifting geopolitical narratives.