Oil steadies as hopes grow for a US-Iran settlement, with strike risk still in view

Summary

Oil is steadying after a sharp drop as hopes build that the United States and Iran could be moving closer to a negotiated settlement. Amos Hochstein, managing partner at TWG Global and a former adviser to President Joe Biden, says markets should remain prepared for the possibility of further strikes even as talks continue.

Timeline

1. Bloomberg

   3 Nov 2026, 07:53 UTCSource ↗

   Bloomberg reports that oil is steadying after a sharp drop as hopes build for a US-Iran settlement, and that Amos Hochstein says markets should stay prepared for further strikes while talks continue.