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BusinessUpdated 38 min ago

Brent crude falls over $1 as Trump signals fresh US strikes on Iran are unlikely

Times of India9 November 2026 at 7:14 am IST

Image: Times of India

On Monday, oil prices experienced a downturn following Donald Trump's remarks about military options regarding Iran. He suggested that if negotiations were successful, further military action would likely be avoided. Despite this, concerns linger about potential shipping disruptions in the Strait of Hormuz, which continue to threaten global crude supply chains.

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