Markets
Oil slips as Trump calls new strikes on Iran unlikely
Brent settled at $98.32 on Friday and traded near $97.67 early on Monday after Donald Trump said further attacks on Iran would probably not be needed if talks progress.
Source published · In the Daily Brief of 9 November 2026
Filed under Markets
Oil opened lower on Monday after Donald Trump told CNN that renewed attacks on Iran were highly unlikely to be necessary if negotiations yield a strong agreement. Brent traded at $97.67 a barrel early on Monday, down from a Friday settlement of $98.32, and West Texas Intermediate at $90.51.
The fall came despite reports from both the US and Iran that vessels had been hit in or near the Strait of Hormuz. Brent had risen on 5 November after tanker attacks and remains close to $100.