NEW
โ ExplanationAdvancedEnergy & Commodities โบ Energy & Climate
Oil Falls 7.4% on Iran Diplomacy: How a War Risk Premium Reaches the Pump and the Reserve, November 2, 2026
Brent fell 7.4% to $105.03 on hopes of a US-Iran diplomatic end to the war, handing back a war risk premium rather than adding barrels. The move reaches pumps, heating oil and freight within weeks, while a strategic reserve at 282.2 million barrels, its lowest since 1982, leaves less capacity to absorb the next spike.
10mยท๐ 3