Brent crude futures retreated from a six-month high on Monday after Iranian officials and Qatari mediators held talks for a third day aimed at brokering an agreement to end US and Israeli military action against Iran. Ponmudi R, CEO of brokerage platform Enrich Money, said the discussions have raised hopes of a breakthrough that could ease supply concerns and improve the global energy outlook.

2026-11-02

Brent crude futures retreated from a six-month high on Monday after Iranian officials and Qatari mediators held talks for a third day aimed at brokering an agreement to end US and Israeli military action against Iran. Ponmudi R, CEO of brokerage platform Enrich Money, said the discussions have raised hopes of a breakthrough that could ease supply concerns and improve the global energy outlook.