{
  "id": 19102475,
  "title": "Brent Crude Remains Below $100 As Trump Signals No Fresh Iran Strikes",
  "url": "https://urgent.news/2026/11/09/brent-crude-remains-below-100-as-trump-signals-no-fresh-iran-strikes",
  "topic": "world",
  "section": "World",
  "published": "2026-11-09T05:11:16.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/brent-crude-remains-below-100-as-trump-signals-no-fresh-iran-strikes"
  },
  "original_language": "en",
  "account": "Global crude oil prices held steady on Monday as US President Donald Trump signaled no imminent military strikes against Iran, following ongoing negotiations to resolve the conflict. Brent crude oil was trading near $98.28 per barrel, while West Texas Intermediate (WTI) showed a slight increase at $91.24 per barrel. Earlier in the week, traders had considered the possibility of renewed US military action, with Brent crude experiencing its steepest weekly percentage decline since the start of the COVID-19 pandemic, a 17% drop. This significant decline was reported by LSEG data, according to a Reuters article.\n\nIn a statement, Trump indicated that additional strikes would likely not be necessary if negotiations resulted in a robust agreement, despite reports of attacks involving vessels in or near the Strait of Hormuz, sourced from both the US and Iran. Prior to his remarks, Trump had suggested that military operations could resume after the US midterm elections, while Iran had warned of retaliation against American and Israeli targets. The uncertainty persisted as to whether Trump's latest comments signaled a lasting change in Washington's stance or merely a temporary adjustment.\n\nThe geopolitical situation was further complicated by concerns over rising global crude supplies, which put pressure on prices. JPMorgan noted that recovering Middle Eastern oil flows, increased production in other regions, and subdued demand were contributing to a global surplus of 1.1 million barrels per day in September, rising to 1.4 million barrels per day in October. Meanwhile, Iraqi Foreign Minister Fuad Hussein reported that Baghdad had reached an understanding with Washington to allow Iraqi crude exports through the Strait of Hormuz, mentioning a shipping route near Oman in an interview with Al Jazeera. This development has shifted market focus towards recovering supply flows and the outlook for global oil demand.",
  "summary": "Global crude oil prices on Monday remained stable after US President Donald Trump indicated that further military strikes against Iran were unlikely as negotiations to end the conflict progressed. Brent crude was trading with marginal decline at $98.28 per barrel, while West Texas Intermediate (WTI) was slightly up at $91.24. On Friday, traders were considering the possibility of renewed US…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}