Oil Prices Fall as Vance Moves to Restart Iran Peace Talks

S. Vice President JD Vance contacted the secretary of the Iranian Supreme National Security Council in a bid to restart peace talks. 45 per barrel, both down from Wednesday but still significantly higher than they were at the start of October. The Wall Street Journal reported late on Wednesday that Vice President Vance had written a letter to Mohsen Rezaei, who is a former commander of the Islamic Revolutionary Guard Corps, to discuss the prospect of a peace deal.

The move followed President Trump’s threat to restart hostilities against Iran after the November 3 midterm elections. S. president also said last week that “We’re not negotiating with them, we are going to have something one way or another, it’ll happen soon,” which is at odds with VP Vance’s move, which…