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Oil prices are falling, and traders are evaluating new diplomatic efforts in the Middle East to avoid a possible restart of the US military attack on Iran. The price of Brent oil fell to $114 per barrel after rising more than 1% in the previous trading day; WTI crude oil futures fluctuated around $102 per barrel. Iranian Foreign Minister Alagzi said that Tehran continues to set aside diplomatic opportunities; media reports say that US Vice President Vance has contacted Mohsin Rezai, secretary of Iran's highest security agency. Trump told Axios on Wednesday that negotiations are being carried out through mediators, but stressed that he is unsure whether they can achieve results. “We need to complete this task — whether by agreement or otherwise — we will wait and see if the negotiations succeed,” he said.

Zhitongcaijing·10/29/2026 00:41:04
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Oil prices are falling, and traders are evaluating new diplomatic efforts in the Middle East to avoid a possible restart of the US military attack on Iran. The price of Brent oil fell to $114 per barrel after rising more than 1% in the previous trading day; WTI crude oil futures fluctuated around $102 per barrel. Iranian Foreign Minister Alagzi said that Tehran continues to set aside diplomatic opportunities; media reports say that US Vice President Vance has contacted Mohsin Rezai, secretary of Iran's highest security agency. Trump told Axios on Wednesday that negotiations are being carried out through mediators, but stressed that he is unsure whether they can achieve results. “We need to complete this task — whether by agreement or otherwise — we will wait and see if the negotiations succeed,” he said.