Topic
Business US Iran

Oil falls on Iran optimism

8h

Oil prices fell in Asian trading as investors weighed hopes for an Iran peace deal against President Donald Trump’s statement that Washington did not need an agreement.

38%
4%
“Eight months into the war between the US and Iran, one of the world’s busiest oil shipping routes has become a battlefield and the centre of a growing environmental disaster.”

www.theguardian.com/world/2026/n...
Oil slicks seen from space: the devastating impact of boat strikes on fragile Gulf ecosystems
Since the US war on Iran began in February, there have been hundreds of oil spills, posing a ‘generational’ threat to wildlife
www.theguardian.com
November 12, 2026 at 11:00 AM
38%
Trump's Iran adventure has triggered 133 attacks on oil tankers, resulting in over 500 oil spills covering 20,000 square kilometers.
www.theguardian.com/world/2026/n...
But then it's throwing off huge windfall profits for oil companies that contribute to the ballroom....
Oil slicks seen from space: the devastating impact of boat strikes on fragile Gulf ecosystems
Since the US war on Iran began in February, there have been hundreds of oil spills, posing a ‘generational’ threat to wildlife
www.theguardian.com
November 12, 2026 at 12:22 PM