# Oil falls as Trump downplays prospect of escalation with Iran

- URL: https://talkfuse.com/story/oil-falls-as-trump-downplays-prospect-of-escalation-with-iran/
- Published: 2026-11-10T01:43:22+00:00
- Updated: 2026-11-10T05:51:30+00:00
- Original publisher: CNA (publisher lean: Centre)
- Original article: https://www.channelnewsasia.com/business/oil-falls-trump-downplays-prospect-escalation-iran-6537826
- Topics: Middle East, World

## Key points

- Oil fell as Trump played down further strikes on Iran.
- Brent traded at $91.88 a barrel.
- Strait of Hormuz shipping risks remain.

## Summary

Oil prices fell after Donald Trump said he would hold off on new military strikes against Iran for now, easing fears of a prolonged Middle East supply disruption. The decline reflects a more conciliatory US tone, although risks to shipping through the Strait of Hormuz remain.

By 0246 GMT, Brent crude was down 70 cents, or 0.75 per cent, at $91.88 a barrel, while US WTI fell 78 cents, or 0.90 per cent, to $86.07. Brent had dropped 5.85 per cent the previous day and is about 22 per cent below its October 30 high of $118. Trump said the US would maintain its naval blockade in the Strait, where attacks on shipping continue; meanwhile, OPEC output rose in October, led by Saudi Arabia, Kuwait and Iraq.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.