https://www.live-feeds.com/feed/oil-futures-slump-as-iran-peace-efforts-ease-supply-fearsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-futures-slump-as-iran-peace-efforts-ease-supply-fearshttps://www.live-feeds.com/feed/oil-futures-slump-as-iran-peace-efforts-ease-supply-fears#u177441Thu, 05 Nov 2026 13:45:10 +0000Oil futures slid in their largest drop since July as renewed diplomacy between Iran, the US, and Qatari mediators reduced fears of a Middle East supply shock. Prices fell between 3% and 7% across different reports as Iran's Supreme Leader discussed peace and signaled willingness to negotiate. This shift in sentiment comes as Gulf Arab oil giants return to exporting crude at pre-war rates, easing immediate concerns over global energy shortages despite ongoing regional volatility.Why it mattersThe market had been pricing in significant risk due to the Iran war and attacks on infrastructure