Attacks on Saudi Arabia and fresh incidents involving tankers in the Strait of Hormuz highlighted continuing risks to Middle Eastern oil supplies.

Oil prices fell at Monday's open after US President Donald Trump said he was highly unlikely to order new Iran attacks while talks to end the conflict make progress, despite both nations' reports of attacks on ships in or near the Strait of Hormuz.

President Trump said he was “highly unlikely” to renew attacks against Iran if upcoming peace talks show progress regarding Tehran’s nuclear program and opening the Strait of Hormuz, according to a

Oil prices slipped on Monday, 9 November, after US President Donald Trump said fresh attacks on Iran were 'highly unlikely.' The remarks helped ease some concerns among traders who had been bracing for another escalation in the Middle East.