Oil prices eased on October 29 as prospects of resuming peace talks eased concerns about supply disruptions from escalating Middle East tensions. Brent fell 44 cents to settle at 114.88 USD per barrel, while WTI dropped 78 cents to 102 USD per barrel. According to the Wall Street Journal, US Vice President JD Vance contacted Mohsen Rezaei, head of Iran's Security Council, to restart talks, and Qatari mediators reportedly proposed a new plan, which a senior Iranian official rejected as containing unacceptable terms. Investors are still weighing the risk of Houthi attacks and possible US military action against Iran after the November 3 midterm elections. Senior economist José Torres at Interactive Brokers said high crude prices remain the main driver keeping inflation above target, but a geopolitical solution could emerge soon, which would ease inflation pressure and reduce the Fed's focus on possible rate hikes; he added that a WTI drop toward 70 USD per barrel would significantly strengthen the case for future Fed rate cuts.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Giá dầu giảm nhẹ khi Mỹ và Iran nối lại nỗ lực đàm phán hòa bình
Read the original on Vietstock ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
XAU/USD
▼ Likely negativeRelevance: low
| Market | Gold |
|---|---|
| Close on 10/29/2026 | 4,021.63 |
| Change that session | -1.13% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Gold Ticks Higher Amid Uncertain U . S .- Iran Deal , Upcoming Fed Interest Rate Decision
Gold prices edged higher on Wednesday as Middle East war concerns persisted and reports on a possible U.S.-Iran peace deal remained conflicting. Front-month Comex gold for December delivery rose $7.10 (0.17%) to $4,149.70 per troy ounce, while markets assessed signs the Federal Reserve may hold rates steady at its October 27-28 meeting.
- Gold Ticks Higher Amid Uncertain U . S .- Iran Deal , Upcoming Fed Interest Rate Decision
- Qatari mediators held talks in Tehran aimed at restarting direct U.S.-Iran negotiations, source says
Qatari mediators held more than 12 hours of talks in Tehran on Friday to revive direct U.S.-Iran negotiations and head off renewed American-led attacks after the Nov. 3 midterm elections, with further talks set in Doha. A preliminary June 17 agreement to halt the war, which began Feb. 28, broke down weeks later, and Supreme Leader Mojtaba Khamenei vowed an “immediate, impactful, and geographically unrestricted response” to any threat. In the Strait of Hormuz, a crude tanker was hit by an unknown projectile, Iran said four tankers struck mines, and the Houthis claimed missile strikes on Saudi Arabia. December Brent settled up $2.76, or 2.4%, at $117.64 a barrel, its highest since late April.
- Iran says three oil tankers caught fire in the Strait of Hormuz
The IRGC Navy said on 30/10 that three oil tankers attempting to transit the Strait of Hormuz via unauthorized routes suffered incidents and caught fire in separate events. According to the IRGC, two tankers operating east and west of the strait deliberately switched off their location systems and ignored radio warnings, and Iran claims they received support from the US military. A supertanker carrying more than 2 million barrels of oil struck a mine and exploded near the strait's entrance. The IRGC said shipowners would bear full responsibility for the consequences and warned that any provocation would be met with a firm, proportionate response. Since the conflict between the US, Israel and Iran erupted on 28/2, Tehran has required vessels to coordinate with its navy and seek permission before transiting.
- Oil prices rise over 2% to 6-month high
Oil rose more than 2% on October 30, closing at its highest since late April as traders prepared for a possible escalation of the Iran conflict after the US midterm elections. The expiring December Brent contract gained USD 2.76 to USD 117.64 a barrel and WTI rose USD 2.12 to USD 104.12; for October, Brent gained 13.6% and WTI 15.2%. A tanker in the Strait of Hormuz was hit by explosive devices attached to its hull from a small boat, and the US embassy in Riyadh ordered non-emergency staff to leave Saudi Arabia after Houthi attacks. A Danish bank forecasts crude could trade at USD 70-90 a barrel even after the conflict ends, versus USD 60-70 before the war. Saudi crude exports rose in October from September, according to two of three shipping trackers.
- Tankers defy sharp escalation of Iranian attacks to keep crude oil flowing through Strait of Hormuz
Within 24 hours of the U.S. and Israel going to war with Iran, Tehran attacked commercial ships in the Strait of Hormuz, cutting crude exports nearly 90% to 1.8 million barrels a day in March from 16 million bpd in February, per Kpler. Flows have since rebounded as U.S. military protection for tankers continues, though attacks in October doubled from 15 in September to at least 30 vessels, leaving at least 16 seafarers injured as of Oct. 27, according to the International Maritime Organization. Crude exports through Hormuz averaged about 11.1 million bpd in October, only about 2% below September, though daily flows are volatile and fell to 7.3 million bpd in the week ended Wednesday. To reduce risk, shippers use a costly shuttle system that pushed supertanker day rates from $249,000 in early September to $931,000 in the first week of October, lifting transportation costs to about $21 a barrel from $6.50. The system depends entirely on U.S. air cover, and how long Washington stays engaged remains uncertain.
Related markets
Latest news
- The stock market's front-runners stumbled in October. Here's where the smart money is moving now.
U.S. stocks reversed sharply in October as worries about shrinking free cash flow and rising borrowing costs disrupted the rally in AI-related shares.
- Pfizer Just Hit a 52-Week High. Is the Turnaround Finally Real?
Pfizer (PFE) shares are up 20% year to date as the company emerges from its post-pandemic slump, though the article says the recovery is still at an early stage. Last quarter, revenue rose 3% and beat Wall Street expectations, helped by Eliquis and cancer drugs that offset lower COVID-19 product sales. Pfizer raised its full-year revenue guidance, reiterated adjusted EPS of $2.80 to $3 per share, and sees up to $6.7 billion in cost savings through 2029. The stock trades at about 10 times estimated 2026 earnings, while sell-side forecasts see 2027 EPS slipping from $2.96 to $2.88. Risks include clinical trial setbacks and the looming loss of patent protection for Eliquis and Ibrance.
- Texas Instruments Has Raised Its Dividend for 23 Years. Here Are 3 More Tech Income Stocks
The article profiles Nasdaq-listed tech blue chips that have steadily raised dividends on large free cash flow, aimed at income-focused investors. Texas Instruments (TXN) yields 1.83% after a 7% increase to $1.52 per quarter, marking 23 consecutive years of dividend raises, with trailing free cash flow of $8.4 billion. Cisco (CSCO) yields 1.51%, has raised its dividend for 15 straight years, and returned 99% of fiscal 2026 free cash flow to shareholders through dividends and buybacks. Broadcom (AVGO) yields 0.74%, and its dividend used about 22.6% of a record $13.7 billion quarterly free cash flow. Risks include $1.6 billion of TXN's trailing free cash flow coming from CHIPS Act incentives, and Cisco's gross margin falling from 68.4% to 66.3%.
- Wall Street's favorite stocks are in their worst slump since 2010: Chart of the Day
Piper Sandler's data shows S&P 500 stocks with the largest share of analyst Buy ratings have trailed those with the smallest share for most of 2026, a year-over-year gap that is the third-worst in its data back to 1995, behind only 2001–02 and 2010. This week Alphabet had its worst month in history, Intel its worst day since 1974, and the Nasdaq its biggest daily drop since June, as Big Tech results revived worries about AI spending. Six of Piper's nine favored names are down this year, the exceptions being Nvidia, Arista Networks and Comfort Systems, while nearly all of the least-loved stocks are up. Because most investors own these favorites through index funds or 401(k)s, the slump affects many portfolios, and the article adds that when analyst enthusiasm is already priced in, disappointments sting more. Piper's favorites had been up nearly 18% on average in spring before the AI trade began to unwind.
- Coca-Cola and Procter & Gamble Are Up This Month. Which Dow Dividend Stock Is the Better Buy Now?
Coca-Cola (KO) and Procter & Gamble (PG) have both risen sharply over the past month or two, which the author attributes mainly to investors moving from AI-related stocks into defensive consumer staples after a mid-October selloff. P&G's fiscal first-quarter results beat estimates, with organic sales growth accelerating to 4% on higher volumes, while Coca-Cola's Q3 revenue rose 7% to $13.4 billion and it raised its 2026 guidance to at least 5% organic revenue growth and at least 11% non-GAAP earnings growth. P&G closed its $3.9 billion acquisition of Thorne this month, and Coca-Cola will take over KFC's U.S. beverage business in 2027, ending PepsiCo's supply role. The author argues the rally reflects short-term sentiment rather than a verdict on long-term prospects, and views P&G as more reasonably priced at 23 to 24 times forward earnings versus 26 to 28 times for Coca-Cola, which has risen more than 32% this year.
- Nvidia's Megaspeed ties show potential blind spots in the U.S. effort to block China from accessing advanced chips
According to experts, CEO Jensen Huang's business meetings are routine practice. The article says existing U.S. export controls largely miss cloud computing, pointing to a possible gap in efforts to keep advanced chips from China.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.