# Oil falls to lowest since August after Trump says Iran war is ‘effectively over’

https://mins.news/en/item/137009

- The Guardian, 2026-11-10 09:52 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/nov/10/oil-prices-fall-donald-trump-iran-war-ftse-100-markets

> Oil prices fell and European stocks rose after Donald Trump said the war on Iran was “effectively over” and played down the need for further military action. Brent dropped nearly 3% to $89.66, its lowest since 31 August. Airline shares gained, while BP and Shell fell.

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- [Oil tumbles after Trump rules out immediate escalation with Iran](https://mins.news/en/video/137041) — Reuters, 2026-11-10
- [Oil falls below $90 as Trump pulls back from threat to strike Iran](https://mins.news/en/item/137120) — Financial Times, 2026-11-10
- [Oil Extends Drop After Trump Says Further Iran Strikes Aren’t Needed](https://mins.news/en/item/136921) — Bloomberg News, 2026-11-10