U.S. crude falls more than 3% amid reports of U.S.-Iran diplomatic efforts

U.S. crude falls more than 3% amid reports of U.S.-Iran diplomatic efforts — Live Feedhttps://www.live-feeds.com/feed/u-s-crude-falls-more-than-3-amid-reports-of-u-s-iran-diplomatic-effortsContinuously updated, source-cited coverage. Oil prices drop over 3% on U.S.-Iran diplomatic hopeshttps://www.live-feeds.com/feed/u-s-crude-falls-more-than-3-amid-reports-of-u-s-iran-diplomatic-effortshttps://www.live-feeds.com/feed/u-s-crude-falls-more-than-3-amid-reports-of-u-s-iran-diplomatic-efforts#u175551Wed, 04 Nov 2026 23:06:53 +0000Global oil prices fell more than 3% on Monday as reports emerged that the United States and Iran are pursuing diplomatic efforts to ease Mideast tensions. The decline follows signals from President Donald Trump regarding more time for diplomacy and talks aimed at ending the war with Iran. Brent crude hit $109.75 per barrel during the slide. This price drop comes despite recent attacks in the Strait of Hormuz and occurs as the U.S. prepares for midterm elections.Why it mattersThe market is reacting to a potential shift in U.S. foreign policy toward Iran to secure energy supplies. These diplomat