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Oil falls 20% this month as markets hope for US-Iran deal to end war

2026-11-10 09:44:57Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Oil falls 20% this month as markets hope for US-Iran deal to end war

Oil prices continued to fall on Tuesday, as investors are raising expectations that diplomatic negotiations between the United States and Iran could lead to an end to the conflict in the Middle East.

 Brent crude fell 1.31%, falling to $91.36 a barrel, while US West Texas Intermediate (WTI) crude fell 1.59%, to $85.47 a barrel.

Both major contracts have lost about 20% of their value this month as traders weigh the possibility of a deal to end the seven-month conflict. The war has fueled inflation and forced central banks to raise interest rates.

 Expectations for a easing of tensions were raised after US President Donald Trump spoke on Monday of a "positive moment" towards ending the war. Trump made the comments after a meeting at the White House with Qatari Prime Minister Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani.

 "I had a great conversation with him," Trump wrote on the Truth Social platform, adding that the Islamic Republic of Iran was also discussed extensively during the meeting.

Although expectations had increased before the US midterm elections that Washington could resume attacks on Iran this month, Trump has softened his statements about such a scenario, without completely ruling it out.

In his latest response, the US president reiterated that the US is "ready and armed", but assessed that further attacks are "quite unlikely".

According to Trump, key American allies in the Persian Gulf prefer to maintain the current situation and avoid further escalation.

His statements are consistent with those he made over the weekend to CNN, where he described the resumption of fighting as "highly unlikely."

It is precisely these diplomatic signals that have influenced market expectations, where investors are assessing the possibility of a reduction in tensions and a gradual normalization of the situation in the region.


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