Oil Prices Plunge Below $90 as Trump Signals De-Escalation in Iran Conflict

11/10/2026

President Trump said Monday he thought the conflict was "going to be ending fairly soon," but some analysts still see little chance of a lasting peace deal.

11/10/2026

US-Iran war LIVE: In a post on social media shortly before speaking to reporters, Trump once again asserted that Middle East allies - Qatar, Saudi Arabia, UAE, Bahrain, Kuwait and others - "would...

11/10/2026

The oil market has seen a dramatic turnaround this month, with prices tumbling from the six-month high reached at the end of October.

11/10/2026

Brent crude drops below $90 and markets climb after president downplays prospect of further strikesBusiness live – latest updatesOil prices have fallen to the lowest level since late August while...

11/10/2026

Donald Trump downplayed prospects of further US strikes on Iran, as diplomatic efforts progressed and supply concerns persisted.

11/09/2026

Brent crude fell over 5 per cent to $93.27 a barrel after Trump signalled fresh strikes on Iran were unlikely if peace talks progressed, despite shipping attacks near Hormuz

11/09/2026

Oil prices fell after President Trump downplayed the prospect of further U.S. strikes on Iran, even as attacks on Saudi Arabia and fresh incidents involving tankers in the Strait of Hormuz...