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Oil slips more than 1% as talks continue on ending Iran war

Global Published 2 November 2026, 07:40 · archived 2 Nov 2026

SINGAPORE: Oil prices slipped more than 1% on ‌Monday after Iranian and Qatari officials held a third straight day of talks aimed at pushing for a deal to end the US-Israeli war on Iran. Brent crude futures fell $1.59, or ​1.40%, to $111.84 a barrel by 0011 GMT while US West Texas Intermediate crude ​was at $102.56 a barrel, down $1.56, or 1.50%. Brent ended October at its highest ⁠level in six months amid concerns that the US-Iran conflict could escalate ​again after Tuesday’s US midterm elections. Yemen’s Houthis say targeted Saudi defence ministry in Riyadh “Oil is seeing a technical pullba...

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