# Crude Oil Prices: Brent falls below $105 after 7% crash; US-Iran peace talks ease supply concerns

> Brent traded below $105 a barrel on Tuesday after falling more than 7% in the previous session, and was down about 8.75% over the past week. US crude traded near $96.58. Iran's president said his government had received greater authority to pursue peace negotiations, and Trump also signalled progress.

- Date: 2026-11-03 · published 2026-11-03T06:07:24.994Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/77055-crude-oil-prices-brent-falls-below-105-after-7-crash-us-iran-peace-talks-ease
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Diplomatic progress reduces the risk of supply disruption from the Middle East, pulling crude and diesel costs lower. Lower energy costs ease pressure on feed-mill and farm input budgets, though the premium remains vulnerable to any renewed hostilities.

## 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 | 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% |
| WTI | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -2.3% | — |
| 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 | 2026-03-23 | [Brent Below $100 on Oil, Fuel Swing; US Cites Iran Talks](https://feedsoft.ai/events/8540-brent-below-100-on-oil-fuel-swing-us-cites-iran-talks.md) | +2.2% | -8.1% |
| 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 | 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) | +0.8% | +12.0% |
| BRENT | 2026-10-29 | [Oil falls as efforts to revive US-Iran talks ease supply concerns](https://feedsoft.ai/events/1443-oil-falls-as-efforts-to-revive-us-iran-talks-ease-supply-concerns.md) | -5.4% | — |

## Sources

- thoibaonganhang.vn: https://thoibaonganhang.vn/thi-truong-hang-hoa-dau-tho-lao-doc-mxv-index-mat-gan-2-190078.html
- zeebiz.com: https://www.zeebiz.com/markets/commodities/news-crude-oil-prices-brent-falls-below-105-after-7-crash-us-iran-peace-talks-ease-supply-concerns-404983

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