Crude oil prices crash nearly 2% after Trump rules out fresh attack on Iran

US President Donald Trump told CNN that renewed fighting with Iran is “highly unlikely” ahead of a meeting with Qatar’s prime minister on Monday. Daily Times reported that Trump stated renewed military strikes remain highly unlikely as Washington and Tehran work toward negotiating a comprehensive peace agreement, with American defense officials expecting diplomatic channels to reduce the risk of large-scale military escalation.

Trump told reporters on Sunday that he expects to meet with Russian President Vladimir Putin and Chinese President Xi Jinping at an Asia-Pacific summit in Shenzhen, China, scheduled for November 18-19. He stated the meeting would involve various topics, including denuclearization, and noted that they are trying to end the war in Iran. Euronews reported that the Kremlin acknowledged on October 21 that the trilateral meeting is being prepared.

Secretary of State Marco Rubio defended the more than eight-month-old war in Florida, stating that Trump launched the conflict to safeguard the world from Iran's nuclear ambitions despite it not being necessarily popular. Rubio noted that Trump identified a real threat in Iran and worked to stop the country from pursuing a nuclear weapon.

Brief written by urgent.news from Punch, Euronews, Daily Times, The Mainichi — 4 reports on this story. Machine-written — may contain errors; check the original before relying on it.