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The Guardian

2026-11-10T09:52:47.000Z

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Oil sinks to August low

Oil sinks to August low

Oil prices fell to their lowest level since late August after Donald Trump said the war on Iran was “effectively over” and downplayed the need for further military action. Brent crude dropped nearly 3% to $89.66, while European markets rose, with the Stoxx 600 up 0.9% and the FTSE 100 gaining 0.4%. Airline shares advanced, while BP and Shell fell.

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