Global Crude Oil Prices Today (24 February 2026) / Brent Oil Price Remains in the $71 Range
RoydadNaft – Global oil prices are fluctuating near their highest levels in seven months, with traders continuing to monitor supply-related risks—particularly as a new round of nuclear negotiations between Iran and the United States approaches.
According to Roydad Naft, the Brent crude oil futures contract in today’s trading (as of 10:37 GMT) showed no change from the previous day, remaining at $71.49 per barrel. At the same time, US crude oil (WTI) increased by 11 cents (0.2%) to $66.42.
Brent is currently trading at its highest level since late July, while WTI is at its strongest since early August.
Oman’s Foreign Minister, Badr Albusaidi, announced on Sunday that the third round of nuclear negotiations between Iran and the United States will be held in Geneva on Thursday.
The United States is demanding a complete halt to Iran’s nuclear programme, but Iran has firmly rejected this request, stressing that it is not seeking to build nuclear weapons.
A senior US State Department official stated on Monday that, amid growing concerns about the possibility of military confrontation with Iran, non-essential personnel and their families are being evacuated from the US embassy in Beirut.
US President Donald Trump also wrote on social media on Monday that, in the absence of an agreement, a “very bad day” awaits Iran.
Analysts at SEB bank wrote in a note: “The main risk is not the outbreak of war, but the difficulty of reversing the tense atmosphere after heightened expectations and positioning. This very dynamic is currently maintaining the geopolitical premium in the oil market.”
In the area of trade policy, Trump warned countries on Monday against backing away from recent trade agreements with the United States. Following the Supreme Court’s rejection of his emergency tariffs, he stated that he would, if necessary, use other trade laws to impose much higher tariffs.
Trump had also said on Saturday that he would increase the temporary import tariff to the United States from all countries from 10% to 15% (the maximum level permitted by law).
