Oil Prices Fall as Vance Moves to Restart Iran Peace Talks
Published . Updated .
Oil prices retreated as renewed U.S. diplomatic outreach to Iran raised hopes for peace negotiations, despite continuing Middle East supply disruptions and geopolitical tensions.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund+7.3% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+6.2% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF+40.2% 19d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “iran” (tanker shipping) in this story.
- ITA iShares U.S. Aerospace & Defense ETF-2.9% 30d
iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “iran” (defense) in this story.
- XOM ExxonMobil Holdings+10.3% 14d
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron+8.4% 30d
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- OXY Occidental Petroleum+1.5% 30d
Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- COP ConocoPhillips+8.0% 30d
ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | -2.52% | -0.26% | base | after close | after close | after close | after close |
| XLE | -1.29% | +1.72% | base | after close | after close | after close | after close |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| ITANo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -2.14% | +1.35% | base | after close | after close | after close | after close |
| CVX | -1.18% | +1.19% | base | after close | after close | after close | after close |
| OXYNo price data for this ticker | — | — | — | — | — | — | — |
| COPNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Oil Prices Fall as Vance Moves to Restart Iran Peace Talks Crude Oil Prices Today | OilPrice.com
United States Oil Fund (USO) since “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks,” compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | +1.19% | final price |
| Chevron (CVX) | five days earlier | -1.18% | final price |
| United States Oil Fund (USO) | three days earlier | -0.26% | final price |
| United States Oil Fund (USO) | five days earlier | -2.52% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.72% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -1.29% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +1.35% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -2.14% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 59 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 90 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 36 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 57 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 64 days before publication. Filed 8 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Occidental Petroleum (OXY), worth $100,001 - $250,000 on 21 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 26 Aug 2026. That is 64 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Conocophillips (COP) (held by a spouse), worth $1,001 - $15,000 on 24 Aug 2026. That is 66 days before publication. Filed 14 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Conocophillips (COP), worth $1,000,001 - $5,000,000 on 21 Aug 2026. That is 69 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
The Middle East count beside this story
Geopolitics Alpha has 0 stories about Middle East from the past 7 days and 0 stories from the past 30. “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks” is tagged to Middle East.
Who gains and who pays if Middle East stays in the story
The side that tends to collect
- XOM ExxonMobil Holdings
ExxonMobil Holdings (XOM) tends to benefit, medium confidence in the 29 Oct 2026 story “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks.” Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- CVX Chevron
Chevron (CVX) tends to benefit, medium confidence in the 29 Oct 2026 story “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- OXY Occidental Petroleum
Occidental Petroleum (OXY) tends to benefit, medium confidence in the 29 Oct 2026 story “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks.” Reason on file: Occidental Petroleum (crude petroleum and natural gas): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
No up or down call on file
- USO United States Oil Fund
In “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story
- COP Conocophillips
Conocophillips (COP) is linked, with no stored direction, medium confidence in the 29 Oct 2026 story “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks.” Reason on file: ConocoPhillips (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
What Middle East means for United States Oil Fund (USO)
United States Oil Fund (USO) is the company in “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks,” the 29 Oct 2026 Middle East story.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
A second company, Select Sector Spdr Tr (XLE), is listed for a different reason: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
Dates and price levels for United States Oil Fund (USO)
BWET traded between 788.51 and 1047.07 across 17 sessions. The latest close on file is 907.20. USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 166.69. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.46.
How solid “Oil Prices Fall as Vance Moves to Restart Iran Peace Talks” looks
46 out of 100
“Oil Prices Fall as Vance Moves to Restart Iran Peace Talks” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.