#OilPricesFallOver7%

About OilPricesFallOver7%

Brent and WTI fell 7.63% and 7.36% on Nov 2 on hopes of progress in US-Iran talks and restored Hormuz shipping. Brent fell further to $103.60 on Nov 3. Qatar continues mediating, but Iran says a deal remains distant and wants blockades, sanctions and asset freezes lifted first. Trump has no immediate plans to resume large-scale strikes, though US forces carried out limited strikes near Hormuz. Talks, military risks and actual shipping flows will shape oil’s next move.