# Oil Prices Drop as US-Iran Talks Hope

> US oil prices hit two-month low as Trump hints at peace talks.
- Title: Oil Prices Drop as US-Iran Talks Hope · Clarín | Shortify
- Summary: US oil prices hit two-month low as Trump hints at peace talks. Oil prices fell sharply after Trump said he doesn't want to escalate the Iran conflict.
- Keywords: middle east war, united states, iran, donald trump, oil prices, argentina, Clarín
- Source: Clarín — https://clarin.com/mundo/guerra-medio-oriente-petroleo-vuelve-caer-fuerte-alcanza-precio-meses_0_xcQoYYvOlU.html
- Author: Redacción Clarín
- Published: 2026-11-09T18:38:00+00:00
- Read time: 1 min
- Topics: middle east war, united states, iran, donald trump, oil prices, argentina, news
## Oil Prices Drop
Oil prices fell sharply this Monday as US and Iran peace talks were expected to end Middle East war.
## Brent Oil Price
Brent crude dropped 4.9% to US$93.40 per barrel for January 2027 delivery.
## WTI Price
Western Texas Intermediate fell 3.3% to US$87.49 per barrel for December delivery.
## Trump's Comments
Trump said he doesn't want to escalate the conflict with Iran because voters don't like war or higher gas prices.

> No estoy buscando (escalar la guerra). No creo que haya ninguna razón (para hacer eso)
## Iranian Response
Iranian officials reported US attacks on Qeshm Island without damage to residential areas or critical infrastructure.
## Key takeaway

Oil prices fell sharply after Trump said he doesn't want to escalate the Iran conflict.