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Oil prices dip as Trump signals no immediate Iran conflict, easing war premium fears.

Market News
10 Nov 2026, 11:54 WIB
FXEmpire
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Neutral
Oil prices dip as Trump signals no immediate Iran conflict, easing war premium fears.

WTI and Brent crude oil futures fell after President Trump suggested no immediate military action against Iran is needed, reducing fears of supply disruptions. This softer stance has led to a significant drop in the war premium on oil prices since early August. Despite this, the U.S. naval blockade in the Strait of Hormuz remains, and regional tensions persist with ongoing attacks on shipping. Technical analysis shows oil prices testing key support levels, with potential for further decline unless new bullish catalysts emerge.

Oil market context shows mixed energy stock performance on Pluang as of Nov 10, 2026 17:11 WIB: out of 79 priced US energy-sector stocks, 23 rose and 48 fell. Key movers include NESR at USD 19.78 (+1.18%, 100% buy order activity), Ovintiv Inc. (OVV) at USD 59.81 (-1.14%), and TotalEnergies SE (TTE) at USD 87.00 (-1.14%, 44% sell / 56% buy order activity).

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