Report
Oil falls as US and Iran signal room for diplomacy
Brent futures fell 3.31% to $109.67 a barrel, while U.S. WTI futures dropped 3.34% to $100.64.
TLDR
Secretary of State Marco Rubio said Trump had not decided whether to resume strikes on Iran and preferred a diplomatic resolution. Iranian authorities signaled a deal remained possible after two days of Qatar-mediated talks if demands were implemented tangibly. Attacks on vessels around the Strait of Hormuz continued, while reports pointed to possible renewed U.S. strikes after the Nov. 3 midterms.
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