# Oil drops from near six-month highs on hopes Iran war hostilities to ease

Oil prices fell on Monday after surging last ‌week to near six-month highs, amid hopes of easing hostilities between the United States and Iran, although persistent attacks on key producer Saudi Arabia kept investors wary. US West Texas Intermediate crude futures were down $2.23, or 2.16%, at $101.04 per barrel by 0926 ​PKT. Brent crude futures were down $2.21, or 1.89%, at $114.51. On Friday, prices settled nearly $3 higher after Houthi attacks ​in Saudi Arabia stoked energy supply concerns. Brent finished the week up 6% and ⁠WTI ended 2.3% higher. On Sunday, Qatari mediators travelle

https://tribune.com.pk/story/2636989/oil-drops-from-near-six-month-highs-on-hopes-iran-war-hostilities-to-ease

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Created: 2026-10-27T02:08:04.149200+00:00

Last edited: 2026-10-27T02:08:04.149200+00:00

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Origin: Syndicated

Original source: https://tribune.com.pk/story/2636989/oil-drops-from-near-six-month-highs-on-hopes-iran-war-hostilities-to-ease