Oil prices slide about 2% as US, Iran explore path out of war

Live updates

1. 1h ago

   Oil Prices Fall as US and Iran Explore Path Out of War

   Crude prices dropped about 2% as the United States and Iran held their first talks since June to explore a diplomatic solution and a phased deal to end the conflict. Brent futures fell US$2.28, or 2.1%, to settle at US$104.32 a barrel, driven by optimism over a potential truce and efforts to reopen the Strait of Hormuz. Markets remain wary of regional attacks on oil facilities, and prices climbed about 2% on Monday after US President Donald Trump rejected an initial peace deal from Iran.

   Why it matters

   The volatility in crude markets reflects high stakes around the Strait of Hormuz, a critical chokepoint for global oil supplies. Diplomatic overtures have fluctuated alongside military threats, keeping energy traders on edge. Broader regional tensions persist as infrastructure attacks continue to threaten physical supply chains.

   What is confirmed

   • Oil prices fell about 2% on Friday on mounting hopes for a truce between the US and Iran.
   • Brent futures fell US$2.28, or 2.1%, to settle at US$104.32 a barrel.
   • The United States and Iran held their first talks since June.
   • Oil prices climbed about 2% on Monday after US President Donald Trump rejected a peace deal from Iran to resolve their conflict and reopen the Strait of Hormuz.

   Still unconfirmed

   • Yemen's Houthis claimed attacks on Saudi facilities.

   What to watch next

   • Formal agreements or breakdowns in US-Iran diplomatic negotiations regarding the Strait of Hormuz
   • Official confirmation of any phased truce structure or export restrictions
   • Further reports of regional attacks on oil facilities and infrastructure
   Sources used for this update (15)

   1. cbsnews.com — Iran War Updates: U.S. and Iran hold first talks since June after Trump threatens regime with annihilation
   2. CNBC — Oil falls amid optimism over potential diplomatic solution to the Iran conflict
   3. Bloomberg — Oil Steadies With the US, Iran Said to Be Exploring Phased Deal
   4. Reuters — Oil prices fall as markets look to Iran truce, but remain wary of attacks on oil facilities
   5. Al Jazeera — Oil prices jump after Yemen’s Houthis claim attacks on Saudi facilities
   6. WSJ — Oil Prices Fall as U.S.-Iran Diplomacy and Regional Tensions Remain in Focus
   7. Barchart.com — Crude Prices Fall Sharply in Hopes of a Deal to Reopen Hormuz
   8. economictimes.indiatimes.com — Oil prices slide about 2% as US, Iran explore path out of war
   9. www.businesstimes.com.sg — Oil, yields and gold: The three-way tug of war
   10. note.com — 米10年債5%超えでもAI株は上昇。景気指標が予想を上回り金利が上がった1週間と、今週のPCE・雇用統計
   11. finance.yahoo.com — Oil prices slide about 2% as US, Iran explore path out of war
   12. www.businesstimes.com.sg — Oil prices slide about 2% as US, Iran explore path out of war
   confidence 90%