Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil markets moved lower after comments from US Vice President JD Vance about progress in talks with Iran. Prices had recently reached high levels due to conflict risks in the Middle East. Traders reacted quickly to signals that military action may pause. Brent and US West Texas Intermediate crude futures both settled lower. Despite the decline, prices remain high due to supply disruptions, refinery shutdowns, sanctions, and falling inventories. Investors are watching diplomatic talks, supply routes, refinery operations, and demand changes to understand the next direction of oil markets.
