Markets
Brent settles at its lowest since August on hopes of Iran talks
Brent crude fell 5.8% to $92.57 a barrel on Monday, its lowest close since 31 August, after Donald Trump said renewed strikes on Iran were highly unlikely if talks progressed.
Source published · In the Daily Brief of 10 November 2026
Brent settled at $92.57 on 9 November, about 21% below its close of $117.64 on 30 October. Prices have fallen through November on uncertainty over the course of the war with Iran.
The latest drop followed Donald Trump’s remark to CNN over the weekend that a resumption of strikes was highly unlikely if the US saw progress in negotiations. Marco Rubio, the secretary of state, said on Sunday that some Iranian demands for ending the war had been outrageous.