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BusinessQuiet 5d · day 11

Oil prices tumble as Iran-Qatar talks on ending war show progress

Brent and WTI slide up to 4% as Iranian and Qatari officials hold a third day of talks and circulate a draft proposal to end the US-Israeli war on Iran.

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  2. Oil prices tumble as Iran-Qatar talks on ending war show progressyou are here
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What to know

  • Brent and WTI crude fell as much as 4% on November 2 to roughly $108.64 and $99.71 a barrel respectively, as Iran-Qatar talks entered a third day with a draft proposal reportedly circulating.
  • The decline follows Brent closing October at a six-month high amid fears the US-Israeli war on Iran, ongoing since late February, could escalate further around the US midterm elections.
  • Goldman Sachs nonetheless raised its oil forecasts, warning Brent could rise to $140 in 2027 if Gulf supply disruptions and tanker attacks in the Strait of Hormuz persist.

Abbas Araqchi Iranian Foreign MinisterQatari mediators Third-party negotiatorsGoldman Sachs Investment bank / market analystTamas Varga Oil broker, PVMTim Waterer Chief market analyst, KCM Trade

Oil prices tumble as Iran-Qatar talks on ending war show progress
Investing.com News

How it unfolded 4 developments, newest first · click a bar or a number to jump articlesposts

Peak 16 pieces in 3h at Nov 2, 9 AM; 76 pieces over 11 days (62 articles · 14 posts) Oct 28, 7 PM — 1 piece · 1 article — Google News 1Oct 28, 10 PM — quietOct 29, 1 AM — quietOct 29, 4 AM — quietOct 29, 7 AM — quietOct 29, 10 AM — quietOct 29, 1 PM — quietOct 29, 4 PM — quietOct 29, 7 PM — quietOct 29, 10 PM — quietOct 30, 1 AM — quietOct 30, 4 AM — quietOct 30, 7 AM — quietOct 30, 10 AM — 1 piece · 1 article — Google News 1Oct 30, 1 PM — quietOct 30, 4 PM — 1 piece · 1 article — Google News 1Oct 30, 7 PM — quietOct 30, 10 PM — quietOct 31, 1 AM — quietOct 31, 4 AM — quietOct 31, 7 AM — quietOct 31, 10 AM — quietOct 31, 1 PM — quietOct 31, 4 PM — quietOct 31, 7 PM — 1 piece · 1 post — Mastodon 1Oct 31, 10 PM — quietNov 1, 1 AM — quietNov 1, 3 AM — quietNov 1, 6 AM — quietNov 1, 9 AM — 1 piece · 1 article — Newswires 1Nov 1, 12 PM — quietNov 1, 3 PM — 2 pieces · 2 articles — Newswires 2Nov 1, 6 PM — 6 pieces · 5 articles · 1 post — Google News 4, Bluesky 1, Newswires 1Nov 1, 9 PM — 1 piece · 1 article — Google News 1Nov 2, 12 AM — 2 pieces · 2 articles — Google News 1, Newswires 1Nov 2, 3 AM — 4 pieces · 3 articles · 1 post — Newswires 3, Reddit 1Nov 2, 6 AM — 13 pieces · 11 articles · 2 posts — Newswires 6, Google News 5, Mastodon 2Nov 2, 9 AM — 16 pieces · 13 articles · 3 posts — Newswires 8, Google News 5, Bluesky 1, +2 moreNov 2, 12 PM — 5 pieces · 4 articles · 1 post — Newswires 3, Mastodon 1, Google News 1Nov 2, 3 PM — 14 pieces · 10 articles · 4 posts — Newswires 7, Google News 3, Mastodon 3, +1 moreNov 2, 6 PM — 1 piece · 1 article — Newswires 1Nov 2, 9 PM — 2 pieces · 2 articles — Google News 2Nov 3, 12 AM — 1 piece · 1 post — Mastodon 1Nov 3, 3 AM — quietNov 3, 6 AM — quietNov 3, 9 AM — quietNov 3, 12 PM — 2 pieces · 2 articles — Newswires 2Nov 3, 3 PM — quietNov 3, 6 PM — quietNov 3, 9 PM — quietNov 4, 12 AM — quietNov 4, 3 AM — quietNov 4, 6 AM — quietNov 4, 9 AM — 2 pieces · 2 articles — Google News 1, Newswires 1Nov 4, 12 PM — quietNov 4, 3 PM — quietNov 4, 6 PM — quietNov 4, 9 PM — quietNov 5, 12 AM — quietNov 5, 3 AM — quietNov 5, 6 AM — quietNov 5, 9 AM — quietNov 5, 12 PM — quietNov 5, 3 PM — quietNov 5, 6 PM — quietNov 5, 9 PM — quietNov 6, 12 AM — quietNov 6, 3 AM — quietNov 6, 6 AM — quietNov 6, 9 AM — quietNov 6, 12 PM — quietNov 6, 3 PM — quietNov 6, 6 PM — quietNov 6, 9 PM — quietYesterday, 12 AM — quietYesterday, 3 AM — quietYesterday, 6 AM — quietYesterday, 9 AM — quietYesterday, 12 PM — quietYesterday, 3 PM — quietYesterday, 6 PM — quietYesterday, 9 PM — quietToday, 12 AM — quietToday, 3 AM — quietToday, 6 AM — quietToday, 9 AM — quietToday, 12 PM — quiet 1234
Oct 29Oct 30Oct 31Nov 1Nov 2Nov 3Nov 4Nov 5Nov 6yesterdaynow · 1:30 PM ET
  1. 4

    Goldman Sachs warns prices could still spike to $140

    Despite the sell-off, Goldman Sachs raised its oil price forecasts, saying Brent could jump to $140 in 2027 if Gulf oil output stays 3.5 million barrels per day below its 2025 average due to elevated supply risks.

    “Intensified shipping attacks, damage to oil infrastructure, and a more persistent risk premium remain the key triggers of potential upside…”
    — Goldman Sachs
    1. first by Bangkok Post, 6d ago · also Yahoo Finance, Crude Oil Prices Today | OilPrice.com, Guardian, Channel News Asia, Semafor, Seeking Alpha +1

      8 more headlines
    • BREAKING: President Trump says oil prices are “dropping like a rock” because “people feel there will not be a war with Iran.” “Iran wants a settlement, it could happen,” Trump says.

      @KobeissiLetterX5d ago2.6k▲view on X ↗
    2 more of the top 3 · 3 posts in this stretch
    • europesays@pubeurope.com

      Oil prices pull back sharply on signs of US-Iran diplomacy to end war Oil prices have eased back sharply on hopes of progress in US-Iran peace talks and after President Donald… # EuropeSays # Headlines # News # Europe # Europa # EU # Iran

      europesays@pubeurope.comMastodon5d agoview on Mastodon ↗
    • fintoolbox.app

      Crude oil posted its biggest single-day drop since August as the U.S. and Iran signaled openness to diplomatic talks, easing concerns over Middle East supply disruptions. #Oil 🗞️ bloomberg.com

      fintoolbox.appBluesky6d agoview on Bluesky ↗
    all of them →
  2. 3

    Iran, Qatar hold third day of talks as draft proposal circulates

    Iranian negotiators left a third consecutive day of talks with Qatari mediators; an official briefed on the talks said a draft proposal was being circulated with a follow-up meeting possible. Brent fell as much as 4.2% to $108.64 a barrel and WTI fell to $99.71.

    “The new month brought with it renewed hopes of a breakthrough in the Iranian stalemate…”
    — Tamas Varga, PVM
    1. first by Yahoo Finance, 6d ago · also Barron's, Arab News, Channel News Asia, Yahoo! Finance Canada, Fox News, Deccan Herald +2

      6 more headlines
  3. 2

    Araqchi says Iran is ready for "defence and diplomacy"

    Iranian Foreign Minister Abbas Araqchi said talks with Qatari mediators were "ongoing and progressing" and that Tehran was prepared for both continued fighting and a negotiated settlement.

    “both defence and diplomacy…”
    — Abbas Araqchi
  4. background

    Brent ends October at a six-month high — Brent crude closed out October at its highest level in six months amid concerns the US-Iran conflict could escalate again after the upcoming US midterm elections.

  5. 1 day quiet
  6. 1

    Oil slips as reports emerge of continuing Iran-Qatar talks

    Wire reports note oil prices easing more than 1% as Iranian and Qatari officials continue discussions aimed at ending the US-Israeli war on Iran.

    1. first by NDTV, 6d ago · also Daily Sabah, The Times, Quartz, Yahoo Finance

      4 more headlines
    2. first by Quartz, 6d ago · also Anadolu Agency, WSJ US Business

      2 more headlines

Also covered reported alongside — the timeline has no entry for these yet

  1. first by Forex Factory, 5d ago · also Trump Truth Social, The Hill, Middle East Eye, Washington Examiner

    4 more headlines
  2. first by The Times of India, 6d ago · also Times of India, Semafor, Hindustan Times, Transport Topics

    4 more headlines
  3. first by Bloomberg.com, 6d ago · also NBC News, The Globe and Mail, Euronext Markets: Real-time Stock Market Data | live

    2 more headlines
  4. first by Daily Caller, 6d ago · also NBC News, FT

    2 more headlines

and 5 smaller pieces

What people are saying 0 voices from 0 sites · best of 3 · verbatim