{
  "id": 19772755,
  "title": "Oil on track to post second weekly decline as Trump eases fears of renewed war with Iran",
  "url": "https://urgent.news/2026/11/13/oil-on-track-to-post-second-weekly-decline-as-trump-eases-fears-of",
  "topic": "world",
  "section": "World",
  "published": "2026-11-13T06:54:00.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/11/13/oil-on-track-to-post-second-weekly-decline-as-trump-eases-fears-of-renewed-war-with-iran/"
  },
  "original_language": "en",
  "account": "Oil prices appeared poised for a second weekly decline as supply concerns diminished, following remarks from US President Donald Trump suggesting he has no interest in reigniting the Iran war. However, ongoing attacks on vessels in the region keep prices unpredictable. Brent, the benchmark for two-thirds of global oil, slipped 0.24% to $95.59 a barrel, while West Texas Intermediate, the gauge that tracks US crude, fell 0.54% to $88.26 a barrel. Both Brent and WTI are expected to decline by over 2.5% for the week, after experiencing a 13% drop last week. In a post on Truth Social, Trump stated that he wasn't planning to resume the war with Iran, following his Republican Party's significant midterm election losses. He also mentioned that the US was no longer seeking an agreement with Tehran, as they already possessed hundreds of billions of dollars and control over the Strait of Hormuz, which is crucial for global crude supply. Despite Trump's signals, attacks continue on ships traversing the Strait of Hormuz, the global chokepoint for two-thirds of crude and liquefied natural gas, putting upward pressure on oil prices due to supply risks. This week, Iran's Islamic Revolutionary Guard Corps reported explosions on two supertankers carrying over four million barrels of oil in the strait. Additionally, a tanker was hit by a projectile while navigating the Arabian Gulf, resulting in casualties, according to the UK Maritime Trade Operations agency. Moreover, attacks on Saudi energy infrastructure by Yemen's Houthis are also contributing to price volatility. Houthi spokesperson Yahya Saree confirmed that a pumping station on Saudi Arabia's East-West oil pipeline and the Yanbu oil installation on the Red Sea coast were targeted on Thursday. Saudi Arabia has been exporting most of its crude through the pipeline since the conflict began, due to disruptions in the Strait. Meanwhile, gold saw a rise on Friday, climbing 1% to $3,917.70 per ounce after reaching a more than one-year low the previous day.",
  "summary": "Oil prices were on course to post a second weekly decline as supply concerns eased, after US President Donald Trump signalled that he is not keen to restart the Iran war. But further attacks on ships in the region mean prices remain volatile. Brent, the benchmark for two thirds of the world's oil, was down 0.24 per cent at $95.59 a barrel at 8.53am UAE time. West Texas Intermediate, the gauge…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "The Times of Israel",
        "title": "Trump tells Vance to shift his focus as US doesn’t ‘need a deal with Iran’",
        "url": "https://urgent.news/2026/11/12/trump-tells-vance-to-shift-his-focus-as-us-doesnt-need-a-deal-with",
        "published": "2026-11-12T17:09:02.000Z"
      },
      {
        "outlet": "The Mainichi",
        "title": "Trump bluntly tells JD Vance to shift focus from Iran to targeting 'corruption and crime' at home",
        "url": "https://urgent.news/2026/11/13/trump-bluntly-tells-jd-vance-to-shift-focus-from-iran-to-targeting",
        "published": "2026-11-13T03:07:31.000Z"
      },
      {
        "outlet": "POLITICO",
        "title": "Mark Kelly on Trump, the Iran War and his 2028 decision",
        "url": "https://urgent.news/2026/11/13/mark-kelly-on-trump-the-iran-war-and-his-2028-decision",
        "published": "2026-11-13T05:00:00.000Z"
      }
    ]
  },
  "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."
}