Iran–US

Oil hovers near lowest level since August as Trump holds off on new Iran strikes

Tue, 10 November 2026 at 02:41 CET

Brent crude traded around $92 a barrel early Tuesday after falling nearly 6% on Monday to its lowest since late August. Traders reacted to Trump saying military action against Iran is not needed for now, though the naval blockade of Iranian ports stays in place. Analysts say attacks on shipping near Hormuz have not escalated enough to add a fresh risk premium.

Source: Reuters ↗

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