Oil falls as Rubio says US prefers peaceful end to Iran war

Oil falls as Rubio says US prefers peaceful end to Iran war

Just The News·2 November 2026

Oil prices fell more than 6 percent, with US crude at $97.21, after Secretary of State Marco Rubio said President Trump has not decided on action while talks with Iran continue, though the US is prepared to use force. Iranian negotiators left Qatari-mediated talks with a draft proposal circulating, while Trump said the war would end "one way or the other". The war remains at a fork between a negotiated settlement and renewed US strikes, a choice that would shape whether the conflict stays regional or widens.