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Oil-surplus

Oil prices tumble more than $7 on hopes of Iran peace
Oil prices tumble more than $7 on hopes of Iran peace
Oil prices fell sharply on Monday, with Brent crude dropping more than $7 a barrel in post-settlement trading after US President Donald Trump signaled reluctance to launch fresh attacks on Iran, raising hopes of progress toward ending the conflict. Brent crude futures settled down $5.75, or 5.85%, at $92.57 a barrel. Prices continued declining after settlement, falling more than $7. US West Texas Intermediate (WTI) crude futures dropped $3.98, or 4.38%, to settle at $86.85 a barrel. They...
World•10 November 2026