{"id":58125,"date":"2026-11-12T10:06:04","date_gmt":"2026-11-12T04:21:04","guid":{"rendered":"https:\/\/nepalsamaj.com\/en\/?p=58125"},"modified":"2026-11-12T10:06:04","modified_gmt":"2026-11-12T04:21:04","slug":"oil-prices-drop-more-than-1-as-hopes-for-iran-ukraine-peace-talks-pressure-markets","status":"publish","type":"post","link":"https:\/\/nepalsamaj.com\/en\/oil-prices-drop-more-than-1-as-hopes-for-iran-ukraine-peace-talks-pressure-markets\/","title":{"rendered":"Oil prices drop more than $1 as hopes for Iran, Ukraine peace talks pressure markets"},"content":{"rendered":"<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div><p>Reuters :\u00a0 Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine \u200bwars pressured the market.<\/p>\n<p>Brent futures lost $1.14, or 1.2%, to $91.62 a barrel \u200cby 0141 GMT. US West Texas Intermediate (WTI) crude futures fell $1.04, or 1.2%, to $85.49. Brent rose about 1.4% and WTI 0.6% on Wednesday after hitting two-month lows the previous day.<\/p>\n<p>&#8220;Markets are \u200bfalling on expectations that behind-the-scenes efforts are underway to secure a \u200bceasefire between Russia and Ukraine and that it is unlikely the \u2060Iran war will escalate ahead of the US-China summit next week,&#8221; said Hiroyuki \u200bKikukawa, chief strategist of Nissan Securities Investment, a unit of Nissan Securities.<br \/>\n&#8220;However, given \u200bthe uncertainty surrounding the Strait of Hormuz, the markets are unlikely to suffer a significant collapse,&#8221; Kikukawa said.<\/p>\n<p>Russian and Ukrainian negotiators agreed to a major prisoner exchange at two days of \u200bpeace talks in Abu Dhabi that ended on Wednesday, although US mediators said \u200bdifferences remained on other major issues, including territory.<br \/>\nUkrainian President Volodymyr Zelenskiy said Kyiv hoped to \u200cachieve concrete \u2060results on resolving the war this year.<\/p>\n<p>Meanwhile, Iran will not allow even a single particle of enriched nuclear material to leave the country and there will be consequences if US launches new strikes, Iranian security chief Mohsen Rezaei said in \u200btelevised remarks.Washington has \u200bsaid nuclear issues \u2060must be part of any initial negotiations with Iran aimed at ending the eight-month-old war, while US officials downplayed the need \u200bfor further military strikes.<\/p>\n<p>OPEC+ crude oil production jumped in October, \u200bled by \u2060a sharp increase in output from Saudi Arabia despite continued disruption to shipments through the Hormuz Strait.<\/p>\n<p>US crude stocks rose by 9 million barrels in the latest week, market \u2060sources \u200bsaid, citing data from the American Petroleum Institute. \u200bOfficial data from the US Energy Information Administration is due on Thursday, delayed a day due to \u200ba US national holiday on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters :\u00a0 Oil prices dropped more than $1 on Thursday as hopes for progress in peace talks over the Middle East and the Russia-Ukraine \u200bwars pressured the market. Brent futures lost $1.14, or 1.2%, to $91.62 a barrel \u200cby 0141 GMT. US West Texas Intermediate (WTI) crude futures fell $1.04, or 1.2%, to $85.49. Brent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":58126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-58125","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/58125"}],"collection":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/comments?post=58125"}],"version-history":[{"count":2,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/58125\/revisions"}],"predecessor-version":[{"id":58128,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/posts\/58125\/revisions\/58128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media\/58126"}],"wp:attachment":[{"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/media?parent=58125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/categories?post=58125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nepalsamaj.com\/en\/wp-json\/wp\/v2\/tags?post=58125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}