Wire report
Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’
Brent crude drops below $90 and markets climb after president downplays prospect of further strikes Business live – latest updates Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over” . Brent crude, the global oil benchmark, fell nearly 3% to $89.66, the lowest since 31 August, on Tuesday morning, after the US president downplayed the need for military action against Iran “at this point”. The fall came after a near 6% drop on Monday on signs that the conflict might be nearing an end. Continue reading...
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Brent crude drops below $90 and markets climb after president downplays prospect of further strikes Business live – latest updates Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over” . Brent crude, the global oil benchmark, fell nearly 3% to $89.66, the lowest since 31 August, on Tuesday morning, after the US president downplayed the need for military action against Iran “at this point”. The fall came after a near 6% drop on Monday on signs that the conflict might be nearing an end. Continue reading...
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What happened
According to The Guardian’s source item, Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’, Brent crude drops below $90 and markets climb after president downplays prospect of further strikes Business live – latest updates Oil prices have fallen to the lowest level since late August while stock markets climbed higher, as markets reacted with relief to Donald Trump saying that the war on Iran is “effectively over” . Brent crude, the global oil benchmark, fell nearly 3% to $89.66, the lowest since 31 August, on Tuesday morning, after the US president downplayed the need for military action against Iran “at this point”. The fall came after a near 6% drop on Monday on signs that the conflict might be nearing an end. Continue reading…
Context
The development sits in VINI’s Global file for readers following international affairs, institutions, conflict, diplomacy, economics, and cross-border consequences. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-11-10T10:28:47+00:00.
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Source
Primary source: Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’ via The Guardian. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- Oil prices fall to lowest since August as Trump says Iran war is ‘effectively over’The Guardian - 2026-11-10T10:28:47+00:00
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