Global oil prices fell sharply after Donald Trump said Iranian officials had approached the US about talks on the conflict with Israel. Investors took this as a possible willingness to talk peace, as oil prices fell sharply after Trump's comments about Iran's late response to a mediation dialogue with the US.
WTI futures fell more than 2% immediately after Trump's announcement.

Source: xStation
Daily Summary: Friday offers no relief; the US100 drops 2%๐จ
Three Markets to Watch Next Week (October 16, 2026)
Market wrap: European indices rebound ๐ผ Defence stocks on the rise
๐ผ EURUSD continues to rebound