# Oil Prices Dip Nearly 70 Cents; Saudi Arabia Says Tehran Talks Aim to Prevent Escalation

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/41011
Published: 2026-10-26T12:11:52.000Z
Updated: 2026-10-26T12:11:52.000Z
Section: Investing

> At the time of the decline, U.S. crude was listed at $100.20 a barrel and Brent at $109.93. Saudi Arabia said opening a negotiation channel was important amid talks in Tehran.

U.S. crude and Brent each briefly fell nearly $0.70 a barrel on Oct. 26, while Saudi Arabia separately said Tehran talks aimed to prevent tensions from escalating.

At the time of the decline, U.S. crude was listed at $100.20 a barrel and Brent at $109.93.

Saudi Arabia said opening a channel for negotiations was important amid the talks in Tehran. It said the talks aimed to prevent escalation and pave the way for an agreement to end the conflict.