Oil prices are falling sharply. Lowered U.S.-Iran tensions and metals spillover is being blamed.

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Oil prices have fallen sharply due to reduced U.S.-Iran tensions and lower fear premium, as President Trump expressed hope for negotiations with Iran.

Market Impact

Market impact analysis based on bearish sentiment with 90% confidence.

Sentiment
Bearish
AI Confidence
90%
Time Horizon
Short Term

Article Context

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Oil prices fell sharply on Monday after President Donald Trump said he was hopeful over negotiations with Iran, taking some of the fear premium out of the commodity.

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Original article published by MarketWatch on February 2, 2026.
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