# Oil Prices Plunge as Draft Proposal to End U.S.-Iran War is Circulated

- Source: OilPrice.com
- Published: 2026-11-02T14:30:00+00:00
- Category: Markets
- Original: https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Plunge-as-Draft-Proposal-to-End-US-Iran-War-is-Circulated.html
- Canonical: https://groundlevelnews.com/story/oil-prices-plunge-as-draft-proposal-to-end-u-s-iran-war-is-circulated-72ed09/

Oil prices extended losses from Asian trade into early Monday morning U.S. time as a draft proposal on a potential end to the U.S.-Iran war is now being circulated after Iranian negotiators left Qatar, an official briefed on the talks told Reuters on Monday. Oil prices slumped by 3% in Asian trade on Monday amid renewed optimism about a possible peace deal between the United States and Iran, follo

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