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EnergyEnergy: changes to oil or gas supply can affect Gulf export revenue and Kuwait fuel costs.

Oil prices decline after diplomatic push in Iran war

The National •
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In simple terms

Oil prices declined on Thursday as traders assessed new diplomatic efforts in the Middle East, aimed at averting potential US military action against Iran.

Earlier coverage

Earlier coverage on GreyNews

  1. Arab parties challenge Netanyahu and Sharjah closes beaches over oil spillOct 29, 2026 · The National
  2. Oil Prices Fall as Vance Moves to Restart Iran Peace TalksOct 29, 2026 · OilPrice
  3. Peace Talks Won’t Save Oil Buyers From $100-Plus OilOct 29, 2026 · OilPrice
  4. Oil Refineries Become Prime Targets as Global Fuel Shortage WorsensOct 28, 2026 · OilPrice
  5. EU natural gas prices top €100 for first time since 2022Oct 28, 2026 · France 24

What we don't know yet

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