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أخبار الصين
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2026-11-10T03:13:12.179Z

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Oil plunges on Iran shift

Oil plunges on Iran shift

Oil prices fell by more than 5% during trading on Monday, November 9, as geopolitical concerns eased after U.S. President Donald Trump described further strikes on Iran as “highly unlikely” as long as negotiations continue to make progress. West Texas Intermediate fell 5.11% to $86.19 a barrel, while Brent dropped 5.61% to $92.80. A JPMorgan report pointed to a global oil market surplus of 1.1 million barrels per day in September and 1.4 million in October, driven by higher supply and weaker demand.

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