Oil prices traded lower on Tuesday amid renewed hopes of U.S.-Iran talks, with reports suggesting that there could be a second round of talks to end the West Asia conflict.
Brent crude futures for June delivery fell over 1 percent to $98.31 a barrel while WTI crude futures for May delivery were down 2.2 percent at $96.93.
Investors remain hopeful that there may still be a path to a peace deal between the United States and Iran.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.