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US strikes Iran amid Trump’s peace talks claim, causing mixed signals for oil markets.

Market News
03 Nov 2026, 19:47 WIB
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Bearish
US strikes Iran amid Trump’s peace talks claim, causing mixed signals for oil markets.

President Trump claimed oil prices dropped due to Iran seeking peace, but US officials reported strikes on Iran's Qeshm Island, creating conflicting signals for oil traders. Brent and WTI crude prices fell significantly but not to record lows, and stocks like USO and Exxon Mobil also dropped. The market remains cautious, focusing on whether the Strait of Hormuz will reopen, which is crucial for global oil supply. A potential deal could ease tensions and impact oil prices, but confirmation and details remain uncertain.

Exxon Mobil's market capitalization stands at $732.87 billion with a dividend yield of 2.38%, reflecting its significant presence in the energy sector. As of Nov 04, 2026 01:01 WIB, the stock price is $178.09, down 0.88% on the day, with a trading volume of 16,459,189 shares on Pluang. Despite recent geopolitical tensions affecting oil markets, investor interest remains strong, with 91% of Pluang orders being buys and a typical hold time of 101 days.

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