Brent oil futures flat after Trump’s remarks on Iran war

SENSEX 80,820.37

 -179.03

NIFTY 24,924.90

 -61.50

CRUDEOIL 8,583.00

+ 29.00

GOLD 143,899.00

+ 1,347.00

SILVER 188,479.00

+ 3,379.00

SENSEX 80,820.37

 -179.03

NIFTY 24,924.90

 -61.50

NIFTY 24,924.90

 -61.50

CRUDEOIL 8,583.00

+ 29.00

CRUDEOIL 8,583.00

+ 29.00

GOLD 143,899.00

+ 1,347.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

At 10.02 am on Monday, January Brent oil futures were at $98.26, down by 0.06%, and December crude oil futures on WTI (West Texas Intermediate) were at $91.26, up by 0.47%

By BL Mangaluru Bureau

Updated - November 09, 2026 at 10:13 AM. | Mangaluru, Nov 9

Trump has said he was unlikely to order fresh attacks on Iran as long as talks to end the war progress | Photo Credit: narvo vexar

Brent crude oil futures traded flat on Monday morning despite a statement by US President Donald Trump on the war with Iran.

At 10.02 am on Monday, January Brent oil futures were at $98.26, down by 0.06 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $91.26, up by 0.47 per cent. November crude oil futures were trading at ₹8584 on Multi Commodity Exchange (MCX) during the initial hour of trading on Monday against the previous close of ₹8554, up by 0.35 per cent, and December futures were trading at ₹8500 against the previous close of ₹8478, up by 0.26 per cent.

Trump told CNN that he was unlikely to order fresh attacks on Iran as long as talks to end the war progress. “It depends on whether or not they sign a very strong agreement. The answer is: highly unlikely it’s going to be necessary,” Trump told CNN in a phone interview.

In a post on Truth Social, he said: “Task Force Iron Gate is in full force and effect in the Islamic Republic of Iran. Coupled with history’s greatest Naval Blockade, very little gets into, or out of, Iran!”

An Al Jazeera report, which quoted Iraqi Foreign Minister Fuad Hussein, said Iraq reached an understanding with the US to allow ⁠Iraqi oil exports through the Strait of Hormuz via a shipping lane near Oman. The Minister said Iraq has suffered around $60 billion in losses due to the Iran war and disruptions to oil exports.

Meanwhile, reports said the Houthis conducted an attack on Saudi Arabia’s Riyadh on Sunday. According to the reports, the attack damaged Saudi Aramco’s offices in Riyadh.

November copper futures were trading at ₹1352.25 on MCX during the initial hour of trading on Monday against the previous close of ₹1339.35, up by 0.96 per cent.

On the National Commodities and Derivatives Exchange (NCDEX), November jeera contracts were trading at ₹27340 in the initial hour of trading on Monday against the previous close of ₹27620, down by 1.01 per cent.

November castorseed futures were trading at ₹8302 on NCDEX in the initial hour of trading on Monday against the previous close of ₹8342, down by 0.48 per cent.

Published on November 9, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers