Oil price falls amid hope of a breakthrough to end Iran war

The Guardian UK Monday 02 November 2026, 16:37 UTC By Graeme Wearden 1 min read

Key Points

Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeksThe oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war. Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs.

Brent crude dropped by more than 6% to $105.55 a barrel, the lowest level in two weeks

The oil price fell to its lowest level in over two weeks on Monday, amid new hopes of a breakthrough to end the Iran war.

Brent crude, the international benchmark, dropped by more than 6.5% to as low as $105.55 a barrel, the lowest since 16 October, sending shares in airline companies higher and pushing down government borrowing costs.

Iran (LOCATION) Brent (PERSON) the Iran war (EVENT)

Originally published by The Guardian UK Read original →

Hourly PM2.5 readings remain in normal range islandwide The 24-hour PSI is forecast to be in the moderate range on Tuesday, between 51 and 80. SINGAPORE: Singapore continued to see a respite from the haze on Tuesday (Nov 3), with hourly PM2.5 readings remaining in the normal band. The 24-hour Pollutant Standards Index (PSI) was also in the good-to-moderate range across all regions as at 8am, ranging from 65 to 81 with the highest reading in the west.

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Oil price falls amid hope of a breakthrough to end Iran war

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