President Donald Trump said on 9–10 November that new US military strikes against Iran were not immediately planned and described progress toward a possible diplomatic resolution, according to Reuters and the Financial Times. Brent crude briefly traded below $90 a barrel on 10 November, its first move beneath that level since late August, as traders reassessed the RiskRisk is the possibility that the actual outcome of a trade, investment, or financial decision differs from the expected outcome and causes a loss or other unwanted result. Risk...Read More of additional Middle East SupplyHow much sellers are willing to offer at a given price. More eager sellers can lean on price.Read More disruptions. Trump has also maintained that military action remains possible if diplomacy fails. No signed peace agreement or confirmed reopening of the Strait of Hormuz has been announced in the cited reports.
President Donald Trump signalled progress towards a possible diplomatic resolution with Iran on 9–10 November 2026, stating that further US military strikes were not immediately planned. Brent crude briefly fell below $90 per barrel on 10 November for the first time since late August as traders reassessed the risk of Middle East OilOil refers to a globally traded energy commodity whose price is shaped by supply, demand, inventories, geopolitics, and economic activity. The term belongs in Level 7 because it...Read More supply disruptions. However, Trump maintained that military action remained an option if negotiations failed. No formal peace agreement or confirmed reopening of the Strait of Hormuz has been announced, leaving regional tensions and energy-MarketA place - physical or digital - where buyers and sellers meet and agree on a price. Lix’s simple rule: no buyers and sellers, no market.Read More uncertainty unresolved.
