# Oil slips more than 1% as talks continue on ending Iran war By Reuters

> Oil prices slipped more than 1% in early Asian trade on Monday as Iranian and Qatari officials held a third straight day of talks aimed at ending the US-Israeli war on Iran. Brent fell to $111.92 a barrel and WTI to $102.34.

- Date: 2026-11-01 · published 2026-11-01T23:40:52.395Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/74239-oil-slips-more-than-1-as-talks-continue-on-ending-iran-war-by-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Hopes of a deal to end the Iran war ease the risk premium on crude, which feeds through to diesel and energy costs for feed mills and farms. Any credible deal would likely push prices lower, while a breakdown would reverse the move.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-11-23 | [Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters](https://feedsoft.ai/events/33339-oil-slips-1-on-concerns-over-delayed-opec-meeting-by-reuters.md) | -1.5% | -4.2% |
| WTI | 2026-03-24 | [Oil prices drop 2% as Iran considers US proposal to end war \| Reuters](https://feedsoft.ai/events/8151-oil-prices-drop-2-as-iran-considers-us-proposal-to-end-war-reuters.md) | +17.0% | +4.7% |
| WTI | 2021-10-27 | [Oil Slumps as Iran Nuclear Talks Resurface, US Crude Stocks Rise By Investing.com](https://feedsoft.ai/events/44720-oil-slumps-as-iran-nuclear-talks-resurface-us-crude-stocks-rise-by-investing-com.md) | -1.6% | -8.1% |
| WTI | 2024-04-17 | [Oil prices fall more than 3% as traders discount Iran-Israel war risk](https://feedsoft.ai/events/30931-oil-prices-fall-more-than-3-as-traders-discount-iran-israel-war-risk.md) | -2.3% | -7.9% |
| WTI | 2026-03-10 | [Oil Drops 15% as Leaders Move to Contain Supply Shock From Iran War - Bloomberg](https://feedsoft.ai/events/6629-oil-drops-15-as-leaders-move-to-contain-supply-shock-from-iran-war-bloomberg.md) | -1.3% | +20.4% |
| BRENT | 2023-11-23 | [Oil slips 1% on concerns over delayed OPEC+ meeting By Reuters](https://feedsoft.ai/events/33339-oil-slips-1-on-concerns-over-delayed-opec-meeting-by-reuters.md) | +1.4% | -1.8% |
| BRENT | 2026-03-24 | [Oil prices drop 2% as Iran considers US proposal to end war \| Reuters](https://feedsoft.ai/events/8151-oil-prices-drop-2-as-iran-considers-us-proposal-to-end-war-reuters.md) | +15.1% | +0.4% |
| BRENT | 2021-10-27 | [Oil Slumps as Iran Nuclear Talks Resurface, US Crude Stocks Rise By Investing.com](https://feedsoft.ai/events/44720-oil-slumps-as-iran-nuclear-talks-resurface-us-crude-stocks-rise-by-investing-com.md) | -1.4% | -3.4% |

## Sources

- ca.investing.com: https://ca.investing.com/news/commodities-news/oil-slips-more-than-1-as-talks-continue-on-ending-iran-war-4920373
- business-standard.com: https://www.business-standard.com/markets/commodities/oil-prices-slip-more-than-1-as-talks-continue-on-ending-iran-war-126110200033_1.html
- businesstimes.com.sg: https://www.businesstimes.com.sg/companies-markets/energy-commodities/oil-slips-more-1-talks-continue-ending-iran-war
- cnbc.com: https://www.cnbc.com/2026/11/02/oil-slips-more-than-1percent-as-talks-continue-on-ending-iran-war.html
- deccanherald.com: https://www.deccanherald.com/world/rest-of-world/oil-slips-more-than-1-as-talks-continue-on-ending-iran-war-4203886
- investing.com: https://www.investing.com/news/commodities-news/oil-slips-more-than-1-as-talks-continue-on-ending-iran-war-4989784
- moneycontrol.com: https://www.moneycontrol.com/news/business/commodities/oil-prices-fall-over-1-as-iran-peace-talks-gather-pace-brent-slips-below-112-14065629.html
- za.investing.com: https://za.investing.com/news/commodities-news/oil-slips-more-than-1-as-talks-continue-on-ending-iran-war-4541244

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.