Crude oil futures traded flat on Monday morning amid reports that a second round of talks between the US and Iran is scheduled for later this week.
At 9.55 am on Monday, April Brent oil futures were at $67.77, down by 0.03 per cent, and April crude oil futures on WTI (West Texas Intermediate) were at $62.78, down by 0.05 per cent. February crude oil futures were trading at ₹5710 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹5723, down by 0.23 per cent, and March futures were trading at ₹5724 against the previous close of ₹5732, down by 0.14 per cent.
Quoting an unnamed source, a Reuters report said that a US delegation, including envoys Steve Witkoff and Jared Kushner, will meet with the Iranians on Tuesday morning. It said that representatives from Oman will mediate the US-Iran contacts.
It also added that Witkoff and Kushner will then participate in trilateral talks with representatives from Russia and Ukraine in the afternoon.
Another Reuters report said that the US has dispatched a second aircraft carrier to the West Asia region and is preparing for the possibility of a sustained military campaign if the talks do not succeed. Iran has warned that it would retaliate if its territory is attacked.
Both Iran and Russia are the major crude oil producers in the world market.
February natural gas futures were trading at ₹274.40 on MCX during the initial hour of trading on Monday against the previous close of ₹294.10, down by 6.70 per cent.
On the National Commodities and Derivatives Exchange (NCDEX), April dhaniya contracts were trading at ₹10,688 in the initial hour of trading on Monday against the previous close of ₹10,862, down by 1.60 per cent.
March jeera futures were trading at ₹22,630 on NCDEX in the initial hour of trading on Monday against the previous close of ₹22,845, down by 0.94 per cent.
Published on February 16, 2026
