# Tehran Signals Peace Talks, Oil Prices Drop 7%

> Iranian peace talks open as oil prices tumble 7%.
- Title: Tehran Signals Peace Talks, Oil Prices Drop 7% · BigGo Finance
- Summary: Iranian peace talks open as oil prices tumble 7%. Iranian officials signaled peace talks with U.S. and Israel, causing Brent crude to drop 7.63% to $104.77 a…
- Keywords: iran, brent crude, wti, tehran, peace talks, oil prices, iranian president, qatar, us iran, strait of hormuz, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/7dab2710-f88b-49eb-a939-a85b445aa6b1
- Author: BigGo Finance
- Published: 2026-11-02T22:35:21+00:00
- Read time: 1 min
- Topics: iran, brent crude, wti, tehran, peace talks, oil prices, iranian president, qatar, us iran, strait of hormuz, finance, markets
## Oil Prices Drop
Brent crude fell 7.63% to $104.77 a barrel and WTI dropped 7.36% to $96.46 on Monday.
## Iran Signals Talks
Iranian President Masoud Pezeshkian said Supreme Leader Ayatollah Mojtaba Khamenei authorized peace talks.
## Qatari Mediators Visit
Qatari mediators traveled to Tehran to meet Foreign Minister Abbas Araqchi about a possible U.S.-Iran agreement.
## Trump's Comment
President Donald Trump said a deal with Iran 'could happen' after Iranian officials signaled peace talks.
## Analyst Views
UBS and Raymond James analysts cited diplomatic signals, while Panmure Liberum called the slide 'overdone'.
## Inventory Drop
ADNOC reported world oil inventories fell nearly 1 billion barrels since the war began.
## Goldman Sachs Forecast
Goldman Sachs warned Brent crude could reach $140 in 2.027 if Gulf output stays depressed.
## Key takeaway

Iranian officials signaled peace talks with U.S. and Israel, causing Brent crude to drop 7.63% to $104.77 a barrel.