London, Nov 2, 2026 (AFP) - Oil prices sink on US-Iran detente hopes ahead of midterms

NAMPA / AFP

2026-11-02

Oil prices sank more than six percent on Monday, the eve of crucial midterm elections in the United States, as signals that Tehran and Washington were ready to resume talks boosted hopes of ending the Middle East war. The Axios news outlet reported that US Vice President JD Vance had sent a letter to Iranian national security chief Mohsen Rezaei about possible new talks, marking the highest-level move in months. Iran meanwhile said it was ready......

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