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Oil Futures Drop Amid Renewed U.S.-Iran Nuclear Talks

4/15/2026

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Summary

Story summary

Oil futures fell in early U.S. trading as West Texas Intermediate declined 3.2% to $95.87 per barrel and June Brent fell 1.5% to $97.90.
The decline followed hopes for renewed U.S.-Iran nuclear talks that could reopen the Strait of Hormuz.
Ritterbusch & Associates said even minor progress in talks can significantly influence oil prices.

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Story summary

Oil futures fell in early U.S. trading as West Texas Intermediate declined 3.2% to $95.87 per barrel and June Brent fell 1.5% to $97.90.
The decline followed hopes for renewed U.S.-Iran nuclear talks that could reopen the Strait of Hormuz.
Ritterbusch & Associates said even minor progress in talks can significantly influence oil prices.