
Oil Prices Fall Sharply as Traders Weigh New Iran Diplomacy
Brent fell around 6% to $106.50 at 14:00 GMT on 2 November as US–Iran diplomacy raised hopes of less supply disruption, although no Hormuz deal was reached.

Brent fell around 6% to $106.50 at 14:00 GMT on 2 November as US–Iran diplomacy raised hopes of less supply disruption, although no Hormuz deal was reached.

Tehran says negotiations on the Strait of Hormuz remain possible, but any reopening depends on US concessions. No agreement has been announced.

Donald Trump has again argued that he should be allowed to run for president in 2028, citing unproven claims about the 2020 election despite the constitutional two-term limit.