Oil price today: Brent slips but holds near six-month high as U.S.-Iran talks, tariffs loom
Brent crude fell 37 cents to $71.39 a barrel and WTI dropped 27 cents to $66.21 by midday Monday, both near six-month highs. U.S.-Iran nuclear talks and new U.S. tariffs kept risk premiums elevated. Global stocks slipped and gold rose after President Trump announced a temporary 15% global tariff. Goldman Sachs raised its Q4 2026 oil forecast, citing low inventories but warned of downside risks if sanctions ease.