https://www.live-feeds.com/feed/oil-prices-slide-about-2-as-us-iran-explore-path-out-of-warContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-prices-slide-about-2-as-us-iran-explore-path-out-of-warhttps://www.live-feeds.com/feed/oil-prices-slide-about-2-as-us-iran-explore-path-out-of-war#u90511Wed, 30 Sep 2026 10:20:13 +0000Crude 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 mattersThe volatility in crude markets reflects high stakes around the Strait of Hormuz, a critical c