Oil prices remained largely stable on Monday as market participants assessed the potential impact of progressing negotiations regarding a renewed Iran nuclear deal. A successful agreement could lead to increased oil supply from Iran, potentially easing global supply concerns and putting downward pressure on prices. However, the timing and certainty of a deal remain unclear, contributing to the cautious market sentiment. Investors are also monitoring demand signals, particularly from China, alongside ongoing geopolitical tensions. Brent crude futures were trading around $86 per barrel, while West Texas Intermediate (WTI) hovered near $80. Analysts suggest that prices are currently in a holding pattern, awaiting further clarity on the Iran talks and broader economic indicators. The market’s reaction will depend heavily on the specifics of any potential agreement and its implications for oil exports.