Oil prices hit 10-week low after Trump says strikes on Iran are 'highly unlikely'

Summary

Oil prices fell to a 10-week low as Brent crude extended last week's losses, which followed Republicans' historic midterms defeat. The decline came after Trump said strikes on Iran were 'highly unlikely'.

Timeline

1. Financial Times

   9 Nov 2026, 16:35 UTCSource ↗

   Reports that Brent crude extended last week's losses, which followed Republicans' historic midterms defeat, pushing oil to a 10-week low after Trump said strikes on Iran were 'highly unlikely'.