Oil Prices Extend Losses as Trump Pauses Iran Strikes, Easing Fears of Middle East Supply Shock
Trump said regional appeals are slowing new strikes as 11 tankers were disabled in 10 days, maritime agencies said.
- On Monday, President Donald Trump announced he would pause new military strikes against Iran after appeals from Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani, though he will maintain the U.S. naval blockade in the Strait of Hormuz.
- Senior Republicans, including Vice-President JD Vance, blamed midterm election losses on the Iran war, increasing domestic pressure to end the conflict.
- Despite ongoing hostilities, 11 tankers have been "disabled" in the Strait of Hormuz over the past 10 days, while the U.S. continues targeted strikes on radar systems on Qeshm island.
- Secretary of State Marco Rubio dismissed Iran's truce proposal as "outrageous and ridiculous and really not realistic," maintaining that the U.S. will not accept current ceasefire conditions.
- Senior United Arab Emirates official Anwar Gargash warned that "we should... prepare for a long period of uncertainty," as regional stakeholders remain skeptical of an imminent diplomatic breakthrough.
13 Articles
13 Articles
Oil Prices Extend Losses as Trump Pauses Iran Strikes, Easing Fears of Middle East Supply Shock
Brent crude has retreated about 23% from its six-month high as oil prices fell for a second session on Tuesday 10 November, after Donald Trump signalled he would hold off further strikes on Iran, easing fears of prolonged supply disruption. Brent crude was trading at $90.99 (£67.77) a barrel by 0759 GMT, extending a sharp fall on Monday, when it dropped 5.85% to its lowest level since 31 August. The benchmark has now retreated about 23% from a s…
Trump says he will hold off on fresh Iran strikes for now
U.S. President Donald Trump said on Monday he plans to hold off on new military strikes against Iran for the time being after appeals from countries in the region, including from Qatar's prime minister in White House talks.
The Independent
The Independent (US)Trump says US will hold off on new strikes against Iran – what we know
Trump Pauses New Iran Strikes after Gulf Neighbours Appeal
US President Donald Trump said on Monday he would hold off on new military strikes against Iran for now, after appeals from countries in the region, including Qatar. Trump met Qatari Prime Minister Sheikh Mohammed bin Abdulrahman Al-Thani at the White House. Al-Thani, who visited Tehran last week, has acted as a key intermediary with […]
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