Oil Prices Flat in Early Asian Trade After U.S.-Iran Negotiations End Without Agreement
Oil prices remained stable in early Asian trading on April 16, 2026, despite a decline earlier in the week. Recent negotiations between the U.S. and Iran, described as 'productive' by the White House, fell apart over the weekend.
Own Oil Industry News / Wikimedia (Public domain)Oil prices were flat in early Asian trade on Thursday, April 16, 2026. 97 at the time of writing. Despite the slight increases, oil prices remain significantly lower than where they had started the week.
Recent negotiations between Washington and Tehran occurred, but those discussions fell apart over the weekend. The White House described the negotiations as 'productive'.
Story Timeline
5 events- 2026-04-16
Oil prices were flat in early Asian trade.
1 sourceOilPrice.com - 2026-04-16
WTI was trading at $91.38, up 0.1%.
1 sourceOilPrice.com - 2026-04-16
Brent was up 0.04% at $94.97.
1 sourceOilPrice.com - 2026-04-16
Negotiations between Washington and Tehran fell apart over the weekend.
1 sourceOilPrice.com - 2026-04-16
The White House described recent negotiations as 'productive'.
1 sourceOilPrice.com
Potential Impact
- 01
Market perceptions of geopolitical stability could be negatively impacted.
- 02
The failure of U.S.-Iran negotiations may lead to increased volatility in oil prices.
- 03
Continued low oil prices may affect energy sector investments.
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