# Oil prices ease 3% on optimism for Qatari-led talks on ending Iran war - Business & Economy - Aaj English TV

> 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.

- Date: 2026-11-02 · published 2026-11-02T06:07:55.496Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/74903-oil-prices-ease-3-on-optimism-for-qatari-led-talks-on-ending-iran-war-business
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -12.8% | -0.0% |
| WTI | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | -1.3% | +20.4% |
| WTI | 2020-01-08 | [Oil prices plunge as Trump speech eases Iran fears \| CNN Business](https://feedsoft.ai/events/9660-oil-prices-plunge-as-trump-speech-eases-iran-fears-cnn-business.md) | -7.0% | -18.9% |
| WTI | 2026-10-29 | [Oil prices fall as hopes of US-Iran peace talks ease supply fears \| Commodity News - Business Standard](https://feedsoft.ai/events/253-oil-prices-fall-as-hopes-of-us-iran-peace-talks-ease-supply-fears-commodity.md) | -2.3% | — |
| WTI | 2025-05-27 | [Oil prices ease as US-Iran talks, OPEC+ plans spur supply concerns](https://feedsoft.ai/events/24853-oil-prices-ease-as-us-iran-talks-opec-plans-spur-supply-concerns.md) | +0.9% | +4.3% |
| BRENT | 2026-04-13 | [Oil prices fall as supply concerns ease on hopes for US-Iran talks - CNA](https://feedsoft.ai/events/10085-oil-prices-fall-as-supply-concerns-ease-on-hopes-for-us-iran-talks-cna.md) | -11.3% | -3.8% |
| BRENT | 2026-03-10 | [Oil prices dive as Trump says Iran war will end ‘very soon’ \| CNN Business](https://feedsoft.ai/events/6630-oil-prices-dive-as-trump-says-iran-war-will-end-very-soon-cnn-business.md) | +4.1% | +27.2% |
| BRENT | 2020-01-08 | [Oil prices plunge as Trump speech eases Iran fears \| CNN Business](https://feedsoft.ai/events/9660-oil-prices-plunge-as-trump-speech-eases-iran-fears-cnn-business.md) | -5.9% | -21.3% |

## Sources

- english.aaj.tv: https://english.aaj.tv/news/330478951/oil-prices-ease-3-on-optimism-for-qatari-led-talks-on-ending-iran-war
- forbesmiddleeast.com: https://forbesmiddleeast.com/industry/energy/oil-prices-slip-3-on-optimism-for-qatari-led-talks
- arabnews.com: https://www.arabnews.com/energy/oil-prices-ease-3-on-optimism-for-qatari-led-talks-on-ending-iran-war-3009376
- rte.ie: https://www.rte.ie/news/business/2026/1102/1597595-world-oil-prices/

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