https://www.live-feeds.com/feed/oil-plunges-over-6-as-iran-diplomacy-seemingly-gathers-paceContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-plunges-over-6-as-iran-diplomacy-seemingly-gathers-pacehttps://www.live-feeds.com/feed/oil-plunges-over-6-as-iran-diplomacy-seemingly-gathers-pace#u163310Fri, 30 Oct 2026 09:00:15 +0000Crude prices dropped more than 6% from recent six-month highs during early trading as traders weighed renewed diplomatic efforts to ease hostilities between the United States and Iran. Regional mediators traveled to Tehran while investors assessed efforts to avert a potential restart of American military strikes and a wider conflict in the Middle East. Despite the sharp pullback from wartime levels, ongoing risks surrounding Houthi attacks on Saudi Arabia and upcoming elections in Israel and the United States continued to underpin underlying supply concerns.Why it mattersGlobal energy markets