{
  "id": 19098799,
  "title": "Oil falls as Trump says new Iran attacks 'unlikely'",
  "url": "https://urgent.news/2026/11/09/oil-falls-as-trump-says-new-iran-attacks-unlikely-19098799",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-09T04:58:05.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448086/oil-falls-as-trump-says-new-iran-attacks-unlikely"
  },
  "original_language": "en",
  "account": "Oil prices declined at the start of trading on Monday as US President Donald Trump expressed strong doubt about ordering fresh attacks on Iran during ongoing talks aimed at resolving the conflict. Despite reports of attacks on ships in or near the Strait of Hormuz, both countries' statements indicated Iran was likely to respond. Brent crude fell 84 cents, or 0.85%, to $97.48 a barrel, while West Texas Intermediate dropped 32 cents, or 0.35%, to $90.51 a barrel. This reversal of minor gains from the previous Friday's settlement occurred as the market weighed the potential for additional US strikes on Iran. However, Trump's assurance that it was \"highly unlikely\" such actions would be necessary tempered the market's immediate reaction. The US leader's comments came after the midterm elections, where he had previously hinted at a possible renewal of attacks. Iran has vowed retaliation, threatening to target US and Israeli interests. Tim Waterer, chief analyst at KCM Trade, deemed Trump's remarks as \"more measured\" but cautioned that the market remained uncertain about whether Trump's tone had shifted permanently or was merely a temporary change in approach. The surplus of oil, driven by increased production from Middle Eastern nations and weak demand, poses a threat of glut to the market. Iraq had recently reached an accord with the US to permit its oil exports through the Strait of Hormuz, alleviating some of the economic strain caused by the ongoing conflict. Separately, the Houthi group claimed responsibility for an attack on Saudi Aramco's offices in Riyadh, causing damage but no reported casualties.",
  "summary": "PERTH: Oil prices fell at Monday’s open after US President Donald Trump said he was highly unlikely to order new Iran attacks while talks to end the conflict make progress, despite both nations’ reports of attacks on ships in or near the Strait of Hormuz . Brent was down 84 cents, or 0.85%, to $97.48 a barrel by 0138 GMT, while West Texas Intermediate fell 32 cents, or 0.35%, to $90.51 a barrel.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil falls as Trump says new Iran attacks ‘unlikely’",
        "url": "https://urgent.news/2026/11/09/oil-falls-as-trump-says-new-iran-attacks-unlikely",
        "published": "2026-11-09T02:19:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}