According to CoinMeta, oil prices have seen a decline due to the resumption of diplomatic contacts between the United States and Iran, which has reduced concerns about further military escalation. Brent crude futures for December fell by 0.4% to $114.88, while WTI crude oil fell by 0.8% to $102 per barrel. Tehran has indicated an open attitude towards diplomacy, but there is still uncertainty regarding possible military actions by the United States and Israel following the U.S. mid-term elections on November 3rd.