Oil prices fall from six-month highs as Qatar leads diplomatic push to ease Iran tensions
Briefing by News4U · First published
Brent crude fell 2% to $114.39 a barrel and WTI dropped 2.3% to $100.88 after Qatar, Saudi Arabia, Turkey and Pakistan began talks in Tehran.
Sina Finance reported that Brent crude futures for December delivery fell 2% to $114.39 a barrel and WTI futures dropped 2.3% to $100.88 a barrel on October 26 as Qatar, Saudi Arabia, Turkey and Pakistan opened talks in Tehran aimed at easing tensions between the United States, Israel and Iran. [1]
The outlet noted that Houthi attacks on Saudi energy and transport facilities continued, and U.S. President Trump warned of possible further military action against Iran, leaving supply risks unresolved. [1]
It added that a pipeline valve closure in Libya reduced output from two oil fields, adding to uncertainty over global crude supplies. [1]
Sources
- 国际油价从六个月高位回落：多国赴伊朗斡旋局势，布伦特原油跌2%至114美元
Sina Finance · · Full text