📰 4 sources 9 articles · 9 Nov 2026, 03:01 → 3 days ago

Oil prices slide as hopes rise for a US-Iran deal

Global oil prices fell over two days as expectations grew of diplomatic progress between the United States and Iran and a possible easing of supply-related tensions. The decline began with signals from US President Donald Trump about reducing tension, then deepened with reports of efforts to resume negotiations, as Brent dropped more than 5% and WTI fell below $87 and then below $85 a barrel.

📍 Where things stand: Losses continue in the markets, with CNN reporting that Brent crude fell below $90 a barrel.

⏱️ Timeline

9 Nov 2026, 03:01 West Texas Intermediate fell to about $89.50 a barrel, according to FXStreet, after signals from US President Donald Trump about a possible easing of tension between the United States and Iran.
9 Nov 2026, 13:28 An FXStreet report citing MUFG indicated that the decline in Brent crude prices was linked to talks between the United States and Iran.
9 Nov 2026, 14:37 US West Texas Intermediate futures extended losses to approach $87 a barrel amid efforts to resume negotiations between the United States and Iran, according to FXStreet.
9 Nov 2026, 20:55 Global oil prices fell sharply as diplomatic efforts escalated to end the war between the United States and Iran; benchmark Brent dropped more than 5% to $93.32 a barrel, while WTI fell 4.5% to $86.75 a barrel.
10 Nov 2026, 02:27 US West Texas Intermediate fell below $85.50 a barrel amid rising expectations of diplomatic progress between the United States and Iran, pushing markets to price in a possible decline in supply-related risks.
10 Nov 2026, 04:01 The Canadian dollar declined amid growing bets on a deal between the United States and Iran, which calmed oil prices, according to an FXStreet report.
10 Nov 2026, 07:18 West Texas Intermediate traded weakly below $85 a barrel as markets awaited a possible agreement between the United States and Iran, according to an FXStreet report.
10 Nov 2026, 08:26 Brent crude futures fell to $92.33 a barrel, while US West Texas Intermediate futures dropped to $86.50 a barrel, according to MTV Lebanon.
10 Nov 2026, 11:56 CNN reported that oil prices deepened their losses, with Brent crude falling below $90 a barrel.

Timeline written by AI from the sources below; updated as new reports arrive.

How the sources covered it

Shabakat Tawasul focused on tracking WTI levels step by step, citing FXStreet and MUFG, while Asoul Misr gave the percentage losses and prices for both benchmarks; MTV Lebanon published figures without causes, and Lebanon Debate cited CNN only for Brent falling below $90.

شبكة تواصل الإخبارية It tracked WTI levels in stages ($89.50, then near $87, then below $85.50, then below $85), citing FXStreet and MUFG, and linked the decline to political signals and diplomatic efforts without giving percentage losses.
أصول مصر It led with oil falling more than 5%, provided figures for Brent ($93.32) and WTI ($86.75) and the percentage declines, and attributed this to diplomatic efforts to end the war between the United States and Iran.
MTV Lebanon It only reported futures prices for Brent ($92.33) and WTI ($86.50) without details on the reasons for the decline.
lebanon debate Citing CNN, it reported that oil prices deepened losses and that Brent fell below $90 a barrel, without other figures or details on the talks.