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Oil prices fall as Trump says US military action against Iran not needed now

Market News
12 Nov 2026, 15:49 WIB
CNBC
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Neutral
Oil prices fall as Trump says US military action against Iran not needed now

Oil prices declined after US President Donald Trump stated that military action against Iran is not necessary at this time, easing fears of prolonged supply disruptions from the Middle East. However, oil prices had previously risen due to concerns that the US-Iran conflict might continue. Analysts note that both sides maintain firm positions: Iran demands an end to sanctions and a ceasefire, while the US insists on Iran dismantling its nuclear program and securing free passage through the Strait of Hormuz. The situation remains tense, with potential for future price volatility depending on diplomatic developments.

Oil prices and related geopolitical tensions provide context for Pluang's energy sector market snapshot. Of 79 priced Energy-sector US stocks tradable on Pluang, 42 rose and 29 fell today. Notable movers include UUUU at USD 6.83 (-1.44%), RUN at USD 8.94 (-1.43%) with 75% sell order activity, and EQNR at USD 41.84 (+1.23%) with 100% buy order activity. This data is as of Nov 12, 2026 19:11 WIB.

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