U.S. and Brent crude oil prices briefly dipped as Saudi Arabia stated that negotiations with Iran aim to prevent conflict escalation.

BlockBeats news, October 26, according to Bitget market data, US and Brent crude oil prices briefly fell by nearly $0.7, with the latest quotes at $100.2 per barrel and $109.93 per barrel.

On the news front, Saudi Arabia stated that in the context of the Mecca Agreement talks held in Tehran, it is crucial to open negotiation channels. The negotiations aim to prevent escalation and pave the way for reaching an agreement to end the conflict.