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Brent steadied near $105 a barrel after falling almost 8% on Monday, while WTI fell below $97 in its biggest decline in three months. US and Iranian officials signalled willingness to pursue peace talks even as US strikes on Qeshm Island continued.
Oil prices are swinging on headlines about the Iran war, and higher energy costs raise transport and processing expenses for feed supply chains.
irishtimes.comNicholas Lua, Lorelei SmillieNov 3, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
