BREAKING: Oil reverses gains, and the US100 halts its decline following optimistic reports on Iran

Oil prices turned downward, and U.S. stock markets recovered from earlier losses following media reports that Washington and Tehran are discussing a phased plan to reopen the Strait of Hormuz and lift the U.S. blockade. This news triggered a sudden shift in market sentiment, sharply reversing the previous trading trends for crude oil and stocks. Just a few hours earlier, oil prices had risen sharply following new reports of attacks by Yemeni Houthis on Saudi military facilities in Jazan. However, the prospect of a diplomatic agreement regarding the strategic sea route eased supply concerns and brought relief to investors on Wall Street.

However, this information has not yet been confirmed through official channels.

Source: XTB

3 November 2026, 7:19 PM

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