{
  "id": 19367400,
  "title": "Oil prices hit 2-month lows as US downplays further Iran strikes",
  "url": "https://urgent.news/2026/11/10/oil-prices-hit-2-month-lows-as-us-downplays-further-iran-strikes-19367400",
  "topic": "world",
  "section": "World",
  "published": "2026-11-10T17:37:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/world/20261111/oil-prices-hit-2-month-lows-as-us-downplays-further-iran-strikes"
  },
  "original_language": "en",
  "account": "Oil prices experienced a significant drop, reaching their lowest levels in two months, on Tuesday due to U.S. officials minimizing the need for further military action against Iran. This development eased concerns about potential supply disruptions in the Middle East. The Brent futures fell by $1.93, or 2.1 percent, reaching $90.64 a barrel, while U.S. West Texas Intermediate (WTI) crude decreased by $1.44, or 1.7 percent, settling at $85.41. Both crude benchmarks were on track to set their lowest closes since August 28.\n\nOn Monday, both contracts had closed at their lowest levels since August 31. U.S. Secretary of State Marco Rubio stated on Tuesday that he had informed the Group of Seven (G7) allies that the economic sanctions and naval blockade were proving to be highly effective. According to Rubio, U.S. President Donald Trump did not see the necessity to carry out major combat operations in Iran at this time. This statement was made during a meeting in Paris involving foreign ministers from the G7, which includes Britain, Canada, France, Germany, Italy, Japan, and the United States, along with the European Union.\n\nMeanwhile, President Trump expressed his intention to postpone any additional military strikes against Iran for now, following a specific event that had occurred earlier in the day.",
  "summary": "NEW YORK — Oil prices slid about 2 percent to fresh two-month lows on Tuesday after U.S. officials downplayed the need for additional military action against Iran, easing fears of additional Middle East supply disruptions. Brent futures fell $1.93, or 2.1 percent, to $90.64 a barrel at 10:28 a.m. ET (1528 GMT), while U.S. West Texas Intermediate (WTI) crude fell $1.44, or 1.7 percent, to $85.41.…",
  "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."
}