Brent Oil Prices Influenced by Middle East and US Trade Policy: $71.49 Level

Price Volatility in the Oil Market In international markets, the price of Brent crude oil is trading at $71.49 per barrel during the new trading day.
Having closed the previous day at $71.26, Brent oil followed a volatile course, rising as high as $72.05 during the day.
Prices, which are hovering near their highest levels in approximately seven months, are closely following developments regarding the global supply and demand balance.
The third round of talks between Iran and the US, conducted through Oman, is scheduled to take place in Geneva on February 26.
While tensions in the region remain high following the US State Department's decision to evacuate some diplomatic personnel from Lebanon, Iran continues to emphasize that its nuclear program is peaceful.
US Trade Policies and Global Demand Concerns US President Donald Trump's new tariff moves against trade partners are creating uncertainty for the global economy.
Trump signed a decision for a 10% global customs duty on all countries and announced his intention to increase this rate to 15%.
Experts predict that such protectionist policies could slow global economic growth and negatively impact oil demand.
Technical Levels and Expectations Market analysts state that $72.40 is a significant technical resistance point for Brent oil.
On the downside, $65.50 is being monitored as the main support level.
Global markets remain focused on both news from diplomatic negotiations and concrete steps in US trade policies.