Brent crude fell 1.1% to $114.02, WTI dropped 1.4% to $101.37. Vice President Vance sent a letter to Iran's security council to revive peace negotiations, the Wall Street Journal reported. President Trump approved the outreach. Separately, the U.S. told several Gulf Arab countries to prepare for a possible short military campaign after next week's midterm elections, though Trump hasn't made a final decision. The Saudi-led coalition intercepted another Houthi missile toward Saudi Arabia's Eastern Province. EIA data showed U.S. crude inventories fell 1.9 million barrels. Seven OPEC+ producers meet Sunday to review market conditions.
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