{
  "id": 19604868,
  "title": "Crude oil futures fall amid reports of planned US-Iran talks",
  "url": "https://urgent.news/2026/11/12/crude-oil-futures-fall-amid-reports-of-planned-us-iran-talks",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T04:57:22.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/commodities/crude-oil-futures-fall-amid-reports-of-planned-us-iran-talks/article71692281.ece"
  },
  "original_language": "en",
  "account": "Crude oil futures experienced a decline on Thursday as rumors circulated of potential direct talks between US Vice President JD Vance and an Iranian representative to resolve the conflict in West Asia. At 9:30 am, Brent oil futures were valued at $91.65, a 1.20% decrease, while December crude oil futures were at $85.64, down 1.03%. November crude oil futures on the Multi Commodity Exchange (MCX) were at ₹8046, a 1.69% drop from the previous close of ₹8184. December futures were at ₹7982, down 1.61% from ₹8113. By 10:02 am, Brent oil futures dipped to $91.29, a 1.58% decrease, and WTI crude oil futures at $85.30, a 1.42% decline. November crude oil futures on MCX opened at ₹7995, a 2.31% decrease from ₹8184, and December futures at ₹7937, down 2.17% from ₹8113. A Wall Street Journal report suggested Vance may engage in face-to-face negotiations with a top Iranian security official, potentially leading to the end of the war in West Asia. Donald Trump, according to unnamed US officials, has expressed openness to Vance's proposals and granted him the authority to negotiate. Iranian security chief Mohsen Rezaei cautioned that Iran would not permit any enriched nuclear material to leave the country, with repercussions if the US carried out further attacks. In related news, Russian and Ukrainian negotiators, meeting in Abu Dhabi for peace talks, agreed to an extensive prisoner exchange, though differences remain on territorial issues. Natural gas futures on MCX opened at ₹308, up 0.69% from the previous close of ₹305.90. On the National Commodities and Derivatives Exchange, November pepper contracts were at ₹799.9, a 0.74% increase from ₹794, and November guar gum futures were at ₹16343, a 0.28% rise from ₹16298.",
  "summary": "Brent crude was $91.29, down 1.58%, and December WTI crude $85.30, down 1.42% at 10:02 am on Thursday",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}