The Tape
Markets, money, and the policy that moves them.
Sunday, November 8, 2026 · UTC
The Markets

Trump links near $18 to 2,026 per barrel oil drop to reduced Iran war expectations

Remarks were published 3 November 2026, alongside comments on inflation and a terminated security agreement.

Priya Anand
Markets Analyst
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Stands on 24 placed sources from 18 publishers.
As of 2026-11-03 21:13 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Donald Trump stated on 3 November 2026 that oil prices have fallen nearly 10 dollars per barrel, attributing the move to reduced expectations of war with Iran.[1]