https://www.live-feeds.com/feed/oil-falls-as-trump-says-new-iran-attacks-unlikelyContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-falls-as-trump-says-new-iran-attacks-unlikelyhttps://www.live-feeds.com/feed/oil-falls-as-trump-says-new-iran-attacks-unlikely#u195410Thu, 12 Nov 2026 00:43:54 +0000Oil prices fell at Monday's open after President Donald Trump said he was highly unlikely to order new attacks on Iran while talks to end the conflict progress. Brent crude dropped 84 cents, or 0.85%, to $97.48 a barrel. West Texas Intermediate fell 32 cents, or 0.35%, to $90.51 a barrel. Both nations have reported attacks on ships in or near the Strait of Hormuz. The decline extends the biggest weekly drop for oil since 2020, though Middle East supply concerns continue to provide a floor.Why it mattersMarkets had priced in a risk premium for potential U.S. military escalation against Ira