Tankers burn in Hormuz as US extends Iran blockade to land routes Houthi missiles damage Aramco tower in Riyadh as Saudi strikes hit near Sanaa Russia says it hit Ukrainian substations and Black Sea ships as drones target Leningrad region Poland opens terrorism probe after Krakow market square shooting Democrats prepare Hegseth impeachment and probes as Trump concedes deportations went too far Nvidia board opens probe after CEO Huang admits affair with suspected Chinese agent Herzog tasks Eisenkot with forming government amid coalition deadlock Europe to join Abu Dhabi Ukraine talks as Trump signals border changes Sand cliff collapse kills five as storm floods Gaza camps Two passenger trains collide south of Cairo, seven dead Death toll climbs after migrant boat sinks off Senegal Asian markets recover after AI selloff, crypto slides ANC sinks to worst local election result ever COP31 climate summit opens in Antalya without US delegation Iran executes three men over January protests Italy blames pro-Russian hackers after foreign minister's data leaked Data centre backlash spreads from US ballots to Europe and Asia Drone attack halts Iraq's Khor Mor gas field, leaving Kurdistan region in blackout Paraguay's ex-president Peña ordered into pretrial detention in Ueno bank case Drone attack on Colombian army base kills at least three soldiers Zaporizhzhia nuclear plant loses external power again Oil extends weekly slump as Trump calls new Iran attacks unlikely Anthropic strikes $3.4bn deal for gas-fired power for data centres Cost-of-living protests spread to 31 European countries, led by France Israeli defense officials shaken by Trump's talk of ending US aid China extends suspension of 24% tariff on US imports Pope Leo XIV begins Argentina visit after Uruguay stop Tens of thousands march in Amsterdam over Dutch policy on Israel Memory chip prices rise as AI boom squeezes electronics supply China's producer inflation hits post-Covid high as consumer prices dip New Zealand faces weeks of uncertainty after election without clear winner Binance resumes withdrawals and replaces CFO after record crypto hack Sudan detains ICC-wanted Ahmed Haroun All Japan Tobacco units in Russia placed under temporary administration Tankers burn in Hormuz as US extends Iran blockade to land routes Houthi missiles damage Aramco tower in Riyadh as Saudi strikes hit near Sanaa Russia says it hit Ukrainian substations and Black Sea ships as drones target Leningrad region Poland opens terrorism probe after Krakow market square shooting Democrats prepare Hegseth impeachment and probes as Trump concedes deportations went too far Nvidia board opens probe after CEO Huang admits affair with suspected Chinese agent Herzog tasks Eisenkot with forming government amid coalition deadlock Europe to join Abu Dhabi Ukraine talks as Trump signals border changes Sand cliff collapse kills five as storm floods Gaza camps Two passenger trains collide south of Cairo, seven dead Death toll climbs after migrant boat sinks off Senegal Asian markets recover after AI selloff, crypto slides ANC sinks to worst local election result ever COP31 climate summit opens in Antalya without US delegation Iran executes three men over January protests Italy blames pro-Russian hackers after foreign minister's data leaked Data centre backlash spreads from US ballots to Europe and Asia Drone attack halts Iraq's Khor Mor gas field, leaving Kurdistan region in blackout Paraguay's ex-president Peña ordered into pretrial detention in Ueno bank case Drone attack on Colombian army base kills at least three soldiers Zaporizhzhia nuclear plant loses external power again Oil extends weekly slump as Trump calls new Iran attacks unlikely Anthropic strikes $3.4bn deal for gas-fired power for data centres Cost-of-living protests spread to 31 European countries, led by France Israeli defense officials shaken by Trump's talk of ending US aid China extends suspension of 24% tariff on US imports Pope Leo XIV begins Argentina visit after Uruguay stop Tens of thousands march in Amsterdam over Dutch policy on Israel Memory chip prices rise as AI boom squeezes electronics supply China's producer inflation hits post-Covid high as consumer prices dip New Zealand faces weeks of uncertainty after election without clear winner Binance resumes withdrawals and replaces CFO after record crypto hack Sudan detains ICC-wanted Ahmed Haroun All Japan Tobacco units in Russia placed under temporary administration

Symbolic image: Oil extends weekly slump as Trump calls new Iran attacks unlikely

Symbolic image

Oil extends weekly slump as Trump calls new Iran attacks unlikely

4 sources

Oil fell again at Monday's open after Donald Trump said fresh attacks on Iran were "unlikely".

Reuters and The Hindu report that crude fell on the open on Monday, 9 November, after Trump said new attacks on Iran were "unlikely". The Wall Street Journal links the decline to hopes for easing tensions in the Middle East. Bloomberg says oil extended its biggest weekly drop since 2020, with attention on Iran. The available coverage is headline-level only, so price levels, the basis for Trump's remark and any Iranian response are not confirmed here.