Oil Prices Drop as Iran Talks Raise Hopes of PeaceDiplomacy Sends Oil Lower After Weeks of War-Fueled AnxietyOil Slides as Trump’s Iran Diplomacy Offers Hope of Relief
Oil prices fell sharply on Monday, November 2, as signals from Washington and Tehran raised hopes for negotiations to end the Iran war. Brent crude closed at $104.77 a barrel and U.S. crude at $96.46.Oil prices plunged on Monday, November 2, as signs of renewed U.S.-Iran diplomacy raised hopes of an end to a conflict that has disrupted energy supplies. Brent crude closed at $104.77 a barrel and U.S. crude at $96.46.Oil prices fell sharply on Monday, November 2, after the Trump administration and Iran signaled openness to talks, easing market fears of further escalation. Brent crude closed at $104.77 a barrel and U.S. crude at $96.46.