Mumbai, Oct. 27 -- Oil prices pull back on Tuesday morning in Asia as renewed diplomatic efforts in the Middle East raised hopes of preventing a wider escalation of the US-Iran conflict. Reports suggest high-level talks held in Tehran, Iran, Saudi Arabia, Pakistan, and Turkey agreed on Monday to continue security discussions and enhance regional cooperation. Meanwhile, Saudi-led forces continue to engage Iran-backed Houthi rebels, while Hezbollah is reportedly preparing for another regional conflict in Lebanon after receiving financial support from Iran. The WTI futures are trading lower by 0.78%at $100.97 per barrel this morning while brent is down 0.74% at $114.95 per barrel.
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