Loading…
Oil prices slipped more than 3% on Monday after Iranian and Qatari officials held a third straight day of talks on ending the US-Israeli war on Iran. Brent fell $3.68 to $109.75 and WTI fell $3.43 to $100.69.
Analysts said the market remained alert to possible rhetorical escalation pushing Brent toward $120 after the midterm elections.
The fall reflects a reduced war-driven supply premium, which eases energy and fertilizer costs for feed producers. The direction remains uncertain until a deal is reached or talks break down.
english.aaj.tvReutersNov 2, 2026
forbesmiddleeast.comKhadijah Khogeer, Samra Ahmed, Said Khaled Aly Mohamed, Mahir HaneefNov 2, 2026
arabnews.comReutersNov 2, 2026
rte.ieRTÉ NewsNov 2, 2026After 255 past bearish geopolitics events, Crude Oil (WTI) moved a median -2.4% over 5 sessions (31% higher; middle half -7.0% to +1.7%), and -5.0% over 20.
After 250 past bearish geopolitics events, Crude Oil (Brent) moved a median -3.1% over 5 sessions (36% higher; middle half -7.9% to +1.6%), and -5.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
