U.S. crude falls below $100 amid reports of U.S.-Iran diplomatic efforts — Live Feedhttps://www.live-feeds.com/feed/u-s-crude-falls-below-100-amid-reports-of-u-s-iran-diplomatic-effortsContinuously updated, source-cited coverage. U.S. crude drops below $100 as U.S. and Iran pursue diplomacyhttps://www.live-feeds.com/feed/u-s-crude-falls-below-100-amid-reports-of-u-s-iran-diplomatic-effortshttps://www.live-feeds.com/feed/u-s-crude-falls-below-100-amid-reports-of-u-s-iran-diplomatic-efforts#u175897Thu, 05 Nov 2026 01:20:09 +0000U.S. crude oil prices fell below the $100 threshold on Monday, with one report citing a 4.5% drop toward $99 a barrel. This decline follows reports that the U.S. and Iran are seeking a diplomatic resolution to their conflict, easing fears of regional supply outages after a 15% price surge in October. President Donald Trump reportedly informed Israeli Prime Minister Benjamin Netanyahu that he prefers a diplomatic solution, while Iranian officials indicated an agreement remains possible following two days of talks mediated by Qatar.Why it mattersOil prices had reached high levels due to Mideast