Oil price falls amid hope of a breakthrough to end Iran war

Brent crude drops by more than 6% to $105.55 a barrel, the lowest level in more than two weeks


The oil price has fallen to its lowest level in more two weeks amid new hopes of a breakthrough to end the Iran war.


Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel on Monday, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs.

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https://www.theguardian.com/business/2026/nov/02/oil-price-falls-amid-hope-of-a-breakthrough-to-end-iran-war