World oil prices slide by up to 5pc on US-Iran diplomacy hopes

Published November 9, 2026 Updated November 9, 2026 07:15pm

Oil prices have sharply fallen on hopes for diplomatic talks aimed at ending the US-Iran war, with the main international contract, Brent North Sea crude, shedding more than five per cent, AFP reports.

Brent has dropped as low as $93.32 a barrel, while the main US contract, West Texas Intermediate, has retreated 4.5pc to $86.75 a barrel.

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