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Oil prices extend losses as fears of Middle East escalation ease

سانا · November 10, 2026

Oil prices fell Tuesday after U.S. President Donald Trump said he would hold off on further military action against Iran, easing concerns about Middle East supply disruptions. Brent crude dropped 0.23 percent to $92.33 per barrel, while West Texas Intermediate fell 0.40 percent to $86.50 per barrel. Trump said regional countries including Saudi Arabia, Qatar and the UAE favored maintaining current conditions, including a naval blockade on Iran.

Quwwaa's summary, drawn from reporting by سانا. Read the full story at سانا →

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