https://www.live-feeds.com/feed/oil-slides-as-trump-signals-restraint-on-iran-despite-fresh-shipping-attacksContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/oil-slides-as-trump-signals-restraint-on-iran-despite-fresh-shipping-attackshttps://www.live-feeds.com/feed/oil-slides-as-trump-signals-restraint-on-iran-despite-fresh-shipping-attacks#u202052Sun, 15 Nov 2026 08:35:29 +0000Global oil prices slumped as United States President Donald Trump signaled that ordering fresh strikes on Iran is unlikely while conflict resolution talks make progress. Brent crude futures dropped below $98 a barrel, while West Texas Intermediate fell past $90 a barrel. The market downturn extended steeper losses from the prior week despite ongoing reports of attacks on commercial shipping vessels in or near the Strait of Hormuz. Traders also reacted to media reports concerning potential new negotiations to restart diplomatic discussions between Washington and Tehran.Why it mattersCrude price