---
title: Oil drops 7% as Iran signals openness to peace talks, 10s
description: "Treasuries (close 2026-10-29): 2s 4.61% (-6.0bp), 10s 4.98% (-7.0bp), 30s 5.32% (-5.0bp). Tape (close 2026-10-29): VIX 19.42, 2s10s +38bp."
source: Helious
canonical: "https://helious.io/news/brief-2026-11-02/oil-drops-7-as-iran-signals-openness-to-peace-talks-10s-7bp"
---

Daily brief
              02 Nov 2026, 21:05 UTC



# Oil drops 7% as Iran signals openness to peace talks, 10s -7bp

Mon 02 Nov 2026



            Treasuries (close 2026-10-29): 2s 4.61% (-6.0bp), 10s 4.98% (-7.0bp), 30s 5.32% (-5.0bp).

Tape (close 2026-10-29): VIX 19.42, 2s10s +38bp.

Narrative: Iran war live: Tehran warns of earth-shattering blow; drone targets Riyadh

What mattered:

- Oil drops 7% as Iran signals openness to peace talks
- ISM Manufacturing PMI: 55.5
- Vance: I feel good about prospects of Iran deal. We've made some progress, will see if can make some more.
- Treasuries See Further Upside Amid Nosedive By Crude Oil Prices
- Iran offers to open Strait of Hormuz on several conditions






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