Brent falls more than 6% from war highs as diplomacy on Iran advances

FinanceInternationalEuronews.comOct 26, 2026, 5:20 AM40 s readAI summary

Brent fell more than 6% on Monday, from about $117.4 a barrel at Friday's close to around $110, as diplomatic efforts to calm the war with Iran gained momentum and Donald Trump signaled he is weighing a deal with Tehran. West Texas Intermediate was down about 2%, to $101.5. Investors also await decisions from the Fed, the ECB and the Bank of Japan and a heavy week of corporate earnings.

In 40 seconds

Brent fell more than 6%, from $117.4 to around $110 a barrel, while WTI slipped about 2% to $101.5.
Qatari mediators traveled to Tehran and officials from Saudi Arabia, Pakistan and Turkey were expected in the Iranian capital for talks on regional security.
Trump told Fox News he is weighing "making a deal" with Tehran, while the Houthis said they had again attacked Saudi facilities.

Read the full story at Euronews.com

IASummary generated by artificial intelligence from a story by Euronews.com. It may contain errors: the original source prevails.

petróleo
Brent
Irán
bancos centrales
mercados

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Brent falls more than 6% from war highs as diplomacy on Iran advances

In 40 seconds

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IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill

Oil edges lower after U.S. bombs Iran ahead of Election Day