Oil prices fall as Trump signals restraint on Iran amid Hormuz attacks

Briefing by News4U · First published 2026-11-09 16:31:45 UTC

Oil prices fell after President Trump downplayed the likelihood of new strikes on Iran, with Brent dropping 1.5% to $96.91 a barrel and WTI falling 1% to $89.85 a barrel, while tanker attacks near the Strait of Hormuz kept supply concerns in focus. [1] [2] [3]

Sources

1. Oil Prices Fall, Staying Below $100, After Trump Downplays Prospect of New Iran Strikes

   WSJ Business · 2026-11-09 07:27:00 UTC · Summary only

2. Oil falls as Trump signals restraint on Iran

   RTÉ Business · 2026-11-09 08:30:46 UTC · Full text

3. Oil Prices Fall on Hopes for Peace Between U.S. and Iran

   NY Times · 2026-11-09 15:43:36 UTC · Summary only

Link to this briefing · Back to news