Oil: Nuclear talks pressure prices – ING
By FXStreet Insights Team
Date Published: 9 Feb 2026 | Date Modified: 9 Feb 2026
POPULAR ARTICLES
ING analysts Warren Patterson and Ewa Manthey note that constructive US–Iran nuclear talks are weighing on Oil prices, even as uncertainty keeps a risk premium in Brent. They highlight increased speculative net longs in ICE Brent and a bullish volatility skew.
ING analysts Warren Patterson and Ewa Manthey note that constructive US–Iran nuclear talks are weighing on Oil prices, even as uncertainty keeps a risk premium in Brent. They highlight increased speculative net longs in ICE Brent and a bullish volatility skew. Upcoming reports from the EIA, OPEC and IEA are expected to add further noise for Crude Oil and Brent benchmarks.
US–Iran talks and positioning shape oil
"Oil prices came under renewed pressure in early morning trading in Asia after nuclear talks between the US and Iran were seen as constructive."
"Clearly, there’s still plenty of uncertainty over how things will evolve."
"This suggests the market will likely continue to price in a risk premium."
"Uncertainty around oil has also led option market participants to become increasingly positioned for a potential move higher in prices, with a bullish volatility skew in Brent."
"Speculators remain nervous about being short in the oil market, given the ongoing uncertainty."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
More than a million users rely on FXStreet for real-time market data, charting tools, expert insights, and forex news. Its comprehensive economic calendar and educational webinars help traders stay informed and make calculated decisions. FXStreet is supported by a team of about 60 professionals, split between the Barcelona headquarters and various global regions.
Read More
