# Oil falls more than 7% on Iran peace-talk hopes: what it means for feed costs

Brent fell to about $105 and WTI to about $97 after Iran-Qatar talks raised hopes of ending the war. Lower crude and diesel would ease feed production and transport costs, but traders remain skeptical.

Published 2026-11-03 by the Feedsoft Markets Desk. Covers: WTI, BRENT, DIESEL, NATGAS.

Video (24s): https://feedsoft.ai/media/social/12/tiktok-9723069faa.mp4

## Transcript

- **Oil fell more than 7% in a day** Brent dropped to about $105 a barrel and WTI to about $97 after talks raised hopes of ending the war with Iran.
- **What changed** Iran's president said the supreme leader gave the government authority for peace talks. A draft proposal is circulating.
- **Why feed buyers care** Oil and diesel drive the cost of making feed, hauling it and producing fertilizer. Lower crude eases those costs.
- **But it's not settled** Traders are skeptical after earlier false dawns. If talks stall, prices could rebound. Watch the headlines.
- **Oil fell more than 7% in a day** Peace-talk hopes between Iran and Qatar sent crude sharply lower on Monday.
- **What moved the market** Iran's president said the supreme leader gave the government certain authorities for talks. A draft proposal is circulating.
- **Where prices landed** Brent fell to about $105 a barrel. WTI fell to about $97.
- **Why feed buyers care** Lower crude and diesel reduce energy costs in feed production, transport and fertilizer.
- **Takeaway: not a done deal** Traders remain skeptical after earlier false dawns. Prices could rebound if talks stall.

Full analysis: https://feedsoft.ai/events/76187-oil-drops-7-as-iran-signals-openness-to-peace-talks

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