https://www.live-feeds.com/feed/oil-futures-slide-as-market-holds-out-hopes-for-middle-east-diplomacyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-futures-slide-as-market-holds-out-hopes-for-middle-east-diplomacyhttps://www.live-feeds.com/feed/oil-futures-slide-as-market-holds-out-hopes-for-middle-east-diplomacy#u191354Tue, 10 Nov 2026 14:00:10 +0000Global oil prices fell sharply and hovered below $100 per barrel, headed for a steep weekly loss as traders reacted to potential diplomatic efforts and de-escalation in the Middle East. Brent crude futures dropped significantly following signals of restraint concerning Iran, alongside peace talks and shifting political dynamics in Washington. Although ongoing regional supply concerns, such as missile and drone interceptions in Yemen, continue to provide a floor for prices, hedge funds have cut bullish oil bets amid optimism over potential peace prospects and reduced conflict risks.Why it matte