{"id":62183,"date":"2026-11-09T02:43:59","date_gmt":"2026-11-09T02:43:59","guid":{"rendered":"https:\/\/waqtdiawaz.com\/index.php\/2026\/11\/09\/oil-falls-as-donald-trump-says-new-iran-attacks-unlikely\/"},"modified":"2026-11-09T02:43:59","modified_gmt":"2026-11-09T02:43:59","slug":"oil-falls-as-donald-trump-says-new-iran-attacks-unlikely","status":"publish","type":"post","link":"https:\/\/waqtdiawaz.com\/index.php\/2026\/11\/09\/oil-falls-as-donald-trump-says-new-iran-attacks-unlikely\/","title":{"rendered":"Oil falls as Donald Trump says new Iran attacks \u2018unlikely\u2019"},"content":{"rendered":"


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Oil prices fell at Monday\u2019s (November 9, 2026) open after U.S. President \u200bDonald Trump said he was highly unlikely to order new Iran \u200cattackswhile talks to end the conflict make progress, despite both \u200bnations\u2019 reports of attacks on ships in or near \u2060the Strait of Hormuz.<\/p>\n

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Brent was down 84 cents, or 0.85%, to $97.48 a barrel by 0138 GMT, while West Texas Intermediate fell 32 cents, or \u200c0.35%, to $90.51 a barrel.<\/p>\n

The fall reversed minor gains made on Friday\u2019s (November 6, 2026) settlement as the market assessed the \u200cpossibility of further U.S. strikes on Iran, although Brent fell \u200c17% \u2060last week, the steepest weekly drop since the start \u2060of the COVID pandemic and the biggest in absolute terms, according to LSEG data dating back to 1988.<\/p>\n

\u201cIt depends on whether or not they sign \u200ba very strong agreement,\u201d Trump \u200ctold CNN in a phone interview. \u201cThe answer is, highly unlikely it\u2019s going to be necessary.\u201d<\/p>\n

Mr. Trump had hinted at renewing attacks on Iran after last week\u2019s U.S. midterm elections<\/a>, but there has \u200cbeen no sign of a large-scale U.S. military operation. \u200bIran has said it would respond by striking U.S. and Israeli targets.<\/p>\n

Tim Waterer, chief analyst at KCM \u2060Trade, called Mr. Trump\u2019s comments \u201cmore measured\u201d but said \u201cthe market is still waiting to see whether the midterms have produced a lasting shift in Trump\u2019s \u200capproach to the conflict, or whether this is just another temporary change in tone.\u201d<\/p>\n

Oil is headed for a glut again as recovering West Asian oil flows, rising production from other countries and weak demand have pushed global supply above consumption, JPMorgan said in a report on Friday (November 6, 2026), estimating a surplus of 1.1 million barrels \u200cper day in September, widening to 1.4 million bpd in October.<\/p>\n

On Sunday (November 8, 2026), \u200bIraq reached an understanding with the U.S. to allow Iraqi oil exports through the Strait of Hormuz via \u2060a shipping lane near Oman, Foreign Minister Fuad Hussein said in an \u2060interview with Al Jazeera.<\/p>\n

He said Iraq\u2019s losses from the Iran war and disruptions to oil exports had reached $60 \u200cbillion.<\/p>\n

Separately the Houthis claimed responsibility for an attack on Saudi Aramco\u2019s offices<\/a> in the capital Riyadh on Sunday that left windows \u200bblown out but no reported casualties.<\/p>\n<\/div>\n

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Published – November 09, 2026 07:48 am IST<\/span><\/p>\n<\/div>\n<\/div>\n


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Image used for representation purpose only. | Photo Credit: Gettyt Images\/iStockphoto Oil prices fell at Monday\u2019s (November 9, 2026) open after U.S. President \u200bDonald Trump said he was highly unlikely to order new Iran \u200cattackswhile talks to end the conflict make progress, despite both \u200bnations\u2019 reports of attacks on ships in or near \u2060the Strait […]<\/p>\n","protected":false},"author":1,"featured_media":62184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-62183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/posts\/62183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/comments?post=62183"}],"version-history":[{"count":0,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/posts\/62183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/media\/62184"}],"wp:attachment":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/media?parent=62183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/categories?post=62183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/tags?post=62183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}