Trump says US-Iran war ‘effectively over’ militarily but issues another ‘locked and loaded’ warning; oil tumbles

Nov 9, 2026 - 18:45
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Trump says US-Iran war ‘effectively over’ militarily but issues another ‘locked and loaded’ warning; oil tumbles
US President Donald Trump said the Iran war was “effectively over” militarily but signalled that the US would maintain its economic blockade. His remarks eased concerns over renewed strikes, sending Brent crude prices down more than $7 a barrel in post-settlement trade.

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