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LSE:CKN 24 February 2026

Oil prices hold near 7‑month highs: US‑Iran talks, tariffs and inventories set the next move

Oil prices hold near 7‑month highs: US‑Iran talks, tariffs and inventories set the next move

Oil prices hovered near seven-month highs Tuesday before slipping, with Brent futures down 25 cents at $71.24 a barrel and WTI off 25 cents to $66.06 by late morning. A $3–$4 per barrel geopolitical risk premium has emerged amid Middle East tensions, new U.S. tariffs, and surging tanker rates. Traders await U.S. inventory data and Thursday’s U.S.-Iran talks in Geneva.
24 February 2026
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Stock Market Today

  • Wheat Prices Fall as U.S. Crop Data Shows Below-Average Conditions
    April 6, 2026, 8:45 PM EDT. Wheat futures declined Monday across key U.S. markets amid mixed signals from crop progress reports. Chicago SRW futures slipped up to 3 cents for nearby months, while Kansas City HRW futures dropped as much as 7 ½ cents. Minneapolis spring wheat also edged lower. U.S. winter wheat crop condition rated 35% good to excellent, below the 42% analyst estimate and last year's 48%, while 7% of the crop has headed, according to USDA data. Export inspections fell 13.5% from last week, with shipments totaling 17.73 million metric tons for the marketing year, down 16.6% year-over-year. Weather forecasts suggest wetter conditions in the Southern Plains next week, potentially influencing crop prospects.
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