Oil prices plunge after Trump says hopeful over Iran talks

WTI sinks 3.4% to $62.99 while Brent shed 3.2% to $67.09 in early Asian trade

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Oil
Oil prices plunged more than 3 per cent on Monday, Feb. 2, 2026
Gulf News

Oil prices plunged Monday after Donald Trump said he was hopeful of reaching a deal with Iran, easing concerns about a conflict between the two in the crude-rich region.

West Texas Intermediate sank 3.4 percent to $62.99 while Brent shed 3.2 percent to 67.09 in early Asian trade following the US president's comments.