Iranian President Masoud Pezeshkian said the Supreme Leader had granted the government authority to conduct peace talks with Washington. Iran also presented a plan to open the Strait of Hormuz within two days. As a result, the price of a barrel of Brent fell to $106.54 and the price of a barrel of WTI fell to $97.65.
Vice President JD Vance said the war with Iran was among the factors behind the Republican defeat in the elections.
Share
Reports on other sites 5 outlets
What outlets say
Israel Hayom
The roughly 6% drop in oil prices is attributed to expectations that a diplomatic solution to the crisis with Iran is possible.
Bizportal
Brent fell below $100 a barrel, and traders are betting that a Republican defeat in the elections will increase pressure on Trump to reach an agreement with Iran.
Behadrei Haredim
The Iranian president's statement that he received authority from the Supreme Leader to manage contacts led to sharp declines in commodity markets.
Israel Hayom
