Business · Energy & Commodities · 11 hrs ago
Oil prices fall as US-Iran talks make progress
Oil prices fell at the start of Monday trading after progress in talks aimed at ending the conflict between the United States and Iran.
Brent crude dropped 84 cents, or 0.85%, to $97.48 a barrel.
US West Texas Intermediate fell 32 cents, or 0.35%, to $90.51 a barrel.
The price changes were recorded in early trading.
The talks are aimed at ending the US-Iran conflict, which was the development linked to the price declines.
No further details about the talks or later oil prices were given.
Oil prices fell at the start of trading on Monday after progress in talks aimed at ending the conflict between the United States and Iran.
Brent crude fell 84 cents, or 0.85%, to $97.48 a barrel.
US West Texas Intermediate crude fell 32 cents, or 0.35%, to $90.51 a barrel.
- Who
- Oil traders and the United States and Iran, whose talks were cited as the reason for the price movement.
- What
- Oil prices fell. Brent and West Texas Intermediate both recorded declines.
- When
- Monday, November 9, 2026, at the start of trading.
- Where
- Not stated.
- Why
- Progress in talks aimed at ending the US-Iran conflict.
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- Brent crude
- $97.48 a barrel, down 84 cents or 0.85%
- West Texas Intermediate
- $90.51 a barrel, down 32 cents or 0.35%
- Reported date
- November 9, 2026
- Talks
- Aimed at ending the conflict between the United States and Iran