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

Times of India Nov 09, 2026 at 07:14 AM IST
Brent crude falls over $1 as Trump signals...

AI summary

Brent crude fell over a dollar after President Trump stated fresh US strikes on Iran are unlikely if negotiations progress. Despite this de-escalation signal, oil prices remain elevated due to ongoing shipping disruptions in the Strait of Hormuz.

Key takeaways

  • Brent crude futures dropped 52 cents to $97.80 per barrel on Monday.
  • Trump warned that 38 Iranian bridges could be destroyed if military action resumes.
  • Global refinery inputs fell by 4.8 million barrels per day in the second quarter.
  • China experienced the largest decline in refinery inputs due to supply disruptions.
Read the original at Times of India

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