Double-digit decrease in diesel as Middle East leaders call for calm
Posted Nov 4, 2026 11:12:58 AM.
An interrupter clause by the Nova Scotia Energy Board changed the price of diesel across the province significantly.
On Nov. 4, the price of diesel decreased to 253.5 — a 13-cent drop overnight. The price of gasoline remains at 181.6, the release shows.
This is the first significant drop in the price of diesel in more than a month, as the price of oil worldwide saw fewer fluctuations than in September. That month the energy board interrupted the price of diesel several times.
The new price is lower than it was all of October.
It comes after Iran’s top diplomat said earlier this week that he hopes there is “rationality” on the U.S. side as diplomatic efforts seek to avert a return to all-out war.
In an interview shared on his Telegram channel, Abbas Araghchi said Iran hoped the U.S. would choose “diplomacy over other paths.” He said Iran was ready for both defense and diplomacy, depending on Washington’s “rationality.”
Araghchi on Saturday said Iranian negotiators are in Qatar for talks on a proposal that could reopen the Strait of Hormuz within two days if the U.S. meets several conditions. He said no direct talks are being held with the U.S.
U.S. President Donald Trump told reporters that he’d spoken with Israeli Prime Minister Benjamin Netanyahu on Saturday and had a “very good talk with him.”
Trump gave no details but said the two had discussed the war in Iran.
Speaking at a security forum in Bahrain, Saudi Arabia’s Vice Minister of Foreign Affairs said the message from the region is that it wants a return to peace.
Speaking at the same event, Egyptian Foreign Minister Badr Abdelatty said an escalation in the region would be extremely destructive.
With files from The Associated Press.
