# Brent Crude Falls Below $112 as Investors Weigh Attacks and Iran Diplomacy By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/46022 Published: 2026-11-02T00:12:24.000Z Updated: 2026-11-02T00:12:24.000Z Section: Investing > The price move came ahead of the Nov. 3 U.S. midterms. Brent crude fell below $112 as investors weighed attacks on merchant ships around the Strait of Hormuz against the possibility that diplomacy could resolve the conflict with Iran. The move came ahead of the Nov. 3 U.S. midterms. TokenPost previously covered an earlier crude pullback after oil reached a near six-month high in [an earlier oil-market update](). ## Links in this article - [an earlier oil-market update](https://www.tokenpost.com/news/investing/40851)