Oil slips 1% as Iran diplomacy eases supply fears

Oil slips 1% as Iran diplomacy eases supply fears

Arab News Oct 27, 2026 Oil slips 1% as Iran diplomacy eases supply fears

NEW DELHI: Oil prices edged lower on Tuesday, falling about 1 percent as prospects ‌for a resolution of the US-Israeli war on Iran kept supply fears at bay with talks in Tehran, despite renewed Houthi attacks on Saudi Arabia. Brent crude futures were down $1, or 0.86 percent, at $114.81 a barrel by 07:18 a.m. Saudi time, while US West Texas Intermediate crude was down 88 cents, or 0.86 percent, ​at $100.88. Both fell 1 percent early in the session. Saudi Arabia, Turkiye and Pakistan held ⁠talks

Source: Arab News

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Arab News
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October 27, 2026 - 9:55 AM
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Oil slips 1% as Iran diplomacy eases supply fears

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