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GAS OIL Crude oil prices rose over the week, hovering near their highest level since July as geopolitical risks returned to the forefront, mainly due to uncertainty over United States–Iran nuclear talks and fears of possible military escalation. Indirect negotiations in Geneva ended without a deal, while Washington authorized the departure of non-essential embassy staff in Israel and deployed the USS Gerald R. Ford strike group to the region. Still, underlying supply fundamentals continue to act as a counterweight. Hence, Brent crude rose by 1% for the week, settling at $72.48 a barrel. March 2, 2026 -105203550658095110Q2 26Q3 26Q4 26Sum26Win26Sum27p/thermChange in Gas Prices20.02.202627.02.202669.57070.57171.57272.57320.02.2623.02.2624.02.2625.02.2626.02.2627.02.26$/bblBrentBritish near-term gas prices lost ground on a weekly basis amid an oversupplied system and forecasts pointing toward milder weather. As a result, NBP spot declined by 0.7% for the week, closing at 79.70 p/therm. Along the forward curve, the gas price for Sum-26 delivery increased by over 2% for the week, to end at 76.66 p/therm after talks between the US and Iran ended without a decisive agreement. Emerging reports indicate that Iran is reportedly declining to dismantle its nuclear assets.