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Oil plunges more than 6% from near wartime highs as diplomacy over Iran seemingly gathers pace

EuroNews26 October 2026, 10:18 UTCIran

Brent crude fell more than 6% on Monday morning, retreating from its highest close since March, as regional mediators headed to Tehran and US President Donald Trump weighed a deal with Iran, while investors braced for a week packed with central bank decisions and earnings reports.

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Abbas AraghchiGovernment leadersIran26 October 2026, 07:19 UTC
Masoud PezeshkianGovernment leadersIran25 October 2026, 18:49 UTC

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