https://www.live-feeds.com/feed/oil-falls-on-unconfirmed-report-that-iran-eased-hormuz-demandsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-falls-on-unconfirmed-report-that-iran-eased-hormuz-demandshttps://www.live-feeds.com/feed/oil-falls-on-unconfirmed-report-that-iran-eased-hormuz-demands#u198028Fri, 13 Nov 2026 02:13:44 +0000Oil prices fell sharply on Friday after President Trump said new U.S. strikes on Iran are "highly unlikely," easing immediate escalation fears. Brent dropped to a 10-week low near $94 a barrel, shedding more than 3% in the session. An unconfirmed report that Iran may have softened demands over the Strait of Hormuz added to the bearish tone, though no official Iranian statement has verified the claim. Markets are also weighing Qatar-led mediation efforts. The decline came despite fresh attacks on Saudi energy infrastructure earlier in the week.Why it mattersCrude has been volatile sin