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BusinessUpdated 31 min ago

Oil prices edge lower as Trump signals pause in military action against Iran

Times of India10 November 2026 at 7:56 am IST

Image: Times of India

Oil prices decreased following US President Donald Trump's comments regarding military action against Iran. Although Trump postponed military strikes, he stated that the naval blockade in the Strait of Hormuz would continue. Oil production by Opec rose in October due to increased output from Saudi Arabia, Kuwait, and Iraq. Russian and Ukrainian officials held peace talks aimed at resolving the…

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