BRENT.MI is trading at €30.98, down 7.54%, as Iran-Qatar talks raised hopes of ending the US-Israeli war and easing Middle East supply disruptions.
- On November 2, Brent futures settled 7.63% lower at $104.77 a barrel.
- The move reflects a reduced geopolitical risk premium, not a confirmed peace deal; oil is also reported to have stabilized after the sharp decline.