Oil Prices Near Six-Month High Amid Nuclear Talks and US Tariffs

Asian reporting emphasizes that oil is hovering just below a seven‑month high as traders track both US-Iran talks and possible US tariff changes. Commentators stress that Asian importers are sensitive to any disruption of Iranian or Gulf supply and to shifts in US trade policy that could slow global growth. They frame the talks as one of several moving parts that will shape energy costs for Asian economies.

• •Asian refiners are watching US-Iran talks closely because Iranian barrels can be a key supply source if sanctions ease.
• •Higher oil prices near seven‑month highs raise cost pressures for large importers such as China, India, and Southeast Asian countries.
• •Possible changes to US tariffs and trade rules could weaken global manufacturing and reduce oil demand growth.
• •Energy traders in Asia are balancing supply risk from the Middle East against demand risk from slower trade.
• •A partial US-Iran understanding that stabilizes supply without fully lifting sanctions is seen as a plausible outcome.